Video Summary
What does it mean when a property is REO, REO stands for “real estate owned”. And it usually has to do with banks that have property, which they’ve acquired to a foreclosure. They’re taking it back from a borrower and as R E O property or “real estate owned” by the bank. And so that’s what REO stands for. So if you have any questions, give me a call at (727) 847-2288.