480.706.7234
  |  HOME

Bank Owned & REO

What is REO?

"REO” stands for “ real estate owned” and typically refers to the inventory of real estate that banks  have foreclosed on and subsequently purchased through the foreclosure auction or trustee sale, if there was no offer higher than the predetermined minimum bid.If you see a listing for a property that says “REO,” it means that it’s a property that the lender has taken back.

Sitemap

The Mendoza Team

Keller Williams Realty Sonoran Living | Each Office Independently Owned and Operated
4001 E. Mountain Sky Ave , Suite 105 • Phoenix AZ 85044 | 480-706-7234