What is an REO Property

What is an REO Property

If you’ve ever researched real estate property, then you may have come across the designation REO. When you see these letters, it indicates that the property you’re viewing is real estate owned (REO), meaning it is owned by a bank instead of an individual person. A...
REO vs Short Sale Properties

REO vs Short Sale Properties

This article explains the differences between Real Estate Owned (REO) versus short sale properties and the role that property preservation contractors can play in maintaining REO properties. They are two different concepts even though both are considered distressed...