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Foreclosure activity down

12 Dec No Comments admin REO News

Foreclosure activity in November was down 37% Foreclosure activity in November was down 37% from a year ago and 15% from October, RealtyTrac reports today (12/12/13). November foreclosure starts fell to their lowest level since December 2005 before the historic housing bust began. Starts offer an indication of future

What is REO?

8 Dec No Comments admin General REO

What does Real Estate Owned Mean? “REO is an acronym for Real Estate Owned and is industry jargon for foreclosure property repossessed by banks or lenders. If a lender or bank is the highest bidder at a foreclosure auction or if no third party bids at the auction

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