Foreclosure and REO in Las Vegas
Frequently Asked Questions About REO Properties
(Bank Owned Homes)
“REO" Phase
(Real Estate Owned, Bank Owned, Corporate Owned, Bank Repo) REO’s occur when the lender takes back the property to gain possession and cut their loss. The lender, however, does not want the property because it is not in the real estate business and is therefore usually some-what motivated to move the property depending upon area market situations.
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