What is an REO Foreclosure?

When a property goes into foreclosure and fails to sell at auction, it becomes an REO foreclosure, which means that the lender is the owner of the property.

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Getting an REO Offer Accepted

Although there is never any guarantee that an offer you make on a bank-owned REO, or “real estate owned,” property will pass muster, you can take steps to tilt the odds in your favor.

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