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What is real estate owned (reo)? Web reo stands for real estate owned, and refers to properties that are owned by a bank or other lending institution due to the previous owner defaulting on their mortgage payments. An reo occupied property is one that is currently occupied by a tenant or previous owner, even though the bank owns it. These.
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What is real estate owned (reo)? An reo occupied property is one that is currently occupied by a tenant or previous owner, even though the bank owns it. Web real estate owned (reo) is residential property that a lender becomes an owner of after they complete a foreclosure and take possession of the property. Web if the property is occupied,.
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