What is the meaning of real estate owned (REO)?

real estate owned > REO

real estate owned by a savings institution as the result of default by borrowers and subsequent foreclosure by the institution.

Barry Goldsmith
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APABarry Goldsmith. (2010). real estate owned (REO). Retrieved September 29, 2026, from http://smartdefine.org/real_estate_owned_(reo)/definitions/1161829
ChicagoBarry Goldsmith. 2010. "real estate owned (REO)" http://smartdefine.org/real_estate_owned_(reo)/definitions/1161829 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, real estate owned (REO), Smart Define, viewed 29 September, 2026, <http://smartdefine.org/real_estate_owned_(reo)/definitions/1161829>.
MLABarry Goldsmith. "real estate owned (REO)" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/real_estate_owned_(reo)/definitions/1161829>