Understanding the Lingo: What is an R.E.O.

Posted by Blog User on Jun 22, 2018

If you are old enough to remember the 1970s then the mention of R.E.O. might bring to mind the band R.E.O. Speedwagon.

In the foreclosure business, an R.E.O. is a post-foreclosure property that has been sold at auction and is now owned by the lienholder.

At this time, an investor can attempt to contact the lienholder to see if they are willing to sell the property. 

Our exclusive Confirmation Report will provide you with the quickest access to the results of the auction allowing you to immediately begin reaching out to the lienholders who recently acquired the property. 

The information in this report comes to you so quickly that sometimes the lienholder hasn’t even learned of the results from the auction yet! 

Do note: Shortly after the property sells at auction, most lienholders will obtain the services of a local broker to attempt to sell the property on the open market for fair market value.

And it is always OK to still hum "Can't Fight This Feeling" when you hear the term R.E.O. 

Leave a comment