REAL ESTATE OWNED. All real estate directly owned by a lender, including real estate taken to satisfy a debt. Includes real estate acquired by lenders through foreclosure, or in settlement of any other obligation to the lender.
REO stands for real estate owned and is really an accounting term used on a bank's or institution's financial statement. It literally means real estate owned. In common terms, it means a piece of real estate that a bank has foreclosed on and is, theoretically, available for sale at "a bargain."
RTC Real Estate Lien Note Real Estate Owned Recasting Receivership Recording Recourse Redemption Refinance Release Clause Release Of Liability Relief Removal Repayment Plan Request For Notice Of Default Resolution Trust Corporation Right Of Redemption Right Of Rescission Right Of Survivorship
Real estate that has come to be owned by a lender, including real estate taken to satisfy a debt. Includes real estate acquired by lenders through foreclosure or, in settlement of some other obligation.
The ecent thnic rigin information is provided by each testee, and is only as accurate as the testee's knowledge. FTDNA instructs testees to answer "Unknown Origin" when their ancestor's origin is uncertain or not known.