A REO PROPERTY MEANS A REAL ESTATE OWNED .I GET PROPERTIES AT FORECLOSURE AUCTION AND WANT TO LIST THEM AS?
FORECLOSURE PROPERTY AND NEED TO KNOW IF STATING REO I AM NOT MISSREPRESENTING .THE WORD REO MEANS REAL ESTATE OWNED .BUT EVERYBODY ASOCIATE THE WORD TO A BANK OWNED AND THE PROPERTIES I SELL ARE FORECLOSURES OBTAINED BUYING THE JUDGEMENTS AT COURTHOUSE . PLEASE ADVISE I am concerned because when i list them as regular sales , find customers that do not want foreclosures.sorry for the caps the keyboard at my office is broken. still need an answer please...
Public Comments
- Shut your caps off please. REO means real estate owned, and it is presumed by a lender. You are getting into semantics here. List them period, do not concern yourself too much about listing them as REOs. Edit: If you want to split hairs, these are not REOs, as a lender does not own them, you do. Are you a lender? I presume not. So do not list them as REOs.
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