Real Estate Owned (REO) refers to property acquired by a lender, typically a bank or other financial institution, through foreclosure. This property is then held in the lender's inventory and goes through an asset management process to either sell it off or put it into productive use. REOs are common outcomes of non-performing loans which lead to foreclosure actions.
Real Estate Owned (REO) refers to properties that have been repossessed by lenders, typically banks, following a foreclosure sale where the property did not sell at auction, thus becoming part of the bank's inventory.
