Menu Search "AcronymAttic.com. Mr Answerman. Besides, what does the acronym REO stand for? Earnings Before Income, Taxes, Depreciation, and Amortization, Earnings Before Interest, Taxes, Depreciation, and Amortization, Earnings Before Interest, Taxes, Depreciation, and Arbitration, Earnings Before Interest, Taxes, Delusions, and Amortization. For REO we have found 92 definitions. An REO is a property that was foreclosed on. Favourite answer. "Real estate owned," she told Carson. ("R.E.O." The term “REO” stands for “real estate-owned home” and commonly grouped together with "bank owned." Vacant REO homes are a profit drain on bank owners, resulting in an urgency for sales. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. Basically an REO is real estate owned by the bank. These are homes that have been foreclosed on by banks or lenders. Other Resources: Acronym Finder has 24 verified definitions for REO. Abbreviation to define. Best, q1.ppt. REO stands for Ransom Eli Olds (automobile manufacturer and namesake of the Oldsmobile and Reo brands; origin for band REO Speedwagon) Top REO abbreviation meanings updated July 2020. In an REO home offer, the bank representative simply considers the bank's bottom line and generally makes a fast decision, which can result in a smooth and quick closing. REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction. What does RPC stand … At the same time, a sandstorm- and drought-filled season caused farmers' businesses to fold. What does REO stand for? "That's what happens when a property goes into foreclosure. are initials of the company's founder, Ransom Eli Olds, who also founded the Oldsmobile division of General Motors.) REO: Reseau Educatif de l'Ontario (French) REO: Radar Electro-Optical: REO: Radio Electronics Officer: REO: Research Enterprise Office (Malaysia) REO: Residual Efficient Organization: REO: Race Equality Officer: REO: Resource Optimizer: REO: Regional Economic Organisation: REO: Radiated Emissions Test: REO: Readiness … 4 Answers. Abbreviations.com. The majority of REO foreclosed properties require work to rehabilitate or repair problems. Foreclosure is the legal process where real estate secured by a mortgage or deed of trust is sold to satisfy a debt. Printer friendly. REO properties generally get sold at a discounted price when compared to comparable properties. Rate it: REO: … . ("R.E.O." REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction. Regional. Following the stock market crash in the fall of 1929, unemployment rose and caused the housing and bank markets to fall. What does REO stand for? REO stands for "Real Estate Owned." Real estate agents … We know 92 definitions for REO abbreviation or acronym in 8 categories. A chance to make some money. The REO are the initials of Ransom E. Olds, the founder of the truck. Banks typically sell REO properties "as-is." Tweet. What does REO stand for? Many traditional agents tend to think listing REO properties is a pretty easy job: get listings, put them in MLS, submit offers, and collect a check. Governmental » Military. REO Speedwagon took its name from the REO Speed Wagon, a truck manufactured by the REO Motor Car Company. Rate it: REO: Reentry Employment Opportunities. Rate it: REO: Really Excellent OREO. Miscellaneous » Unclassified. Get instant explanation for any acronym or abbreviation that hits you anywhere on the web. This page illustrates how REO is used in messaging and chat forums, in addition to social networking software like VK, Instagram, Whatsapp, and Snapchat. STANDS4 LLC, 2021. REO stands for Real Estate Owned properties. These properties were reverted back to the bank after the homeowner was foreclosed upon. List page number 2 An acronym for ‘real estate owned’, REO refers to foreclosure property repossessed by mortgage lenders. 11 Jan. 2021. are initials of the company's founder, Ransom Eli Olds, who also founded Oldsmobile, now a … REO Stands … Foreclosures in the United States date back to the early 1930s. The Epoch Times: The Ins and Outs of Foreclosures and REO Properties, Stock Market Review: History of Foreclosures and Bank REOs Going Back to the1930's, Yahoo Real Estate: Surprise Defects May Derail REO Purchase, Home Sales: Homes for Sale by the U. S. Government. Tweet. Please look for them carefully. http://www.SimonVolkov.com REO stands for real estate owned. Could you please have a look to attached slide and let me know what does reo mean? How a Property Becomes REO. "REO." Governmental » Employment. These circumstances may offer you an … Some REO loan incentives include zero percent or a reduced down payment when compared with conventional loans, lower interest rates, less stringent credit criteria, faster approval and financing for homes which other lenders may not approve. Possible REO meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. At one point the company also manufactured buses on its truck platforms.. 1 decade ago. See other definitions of REO. A foreclosing beneficiary will typically set the opening bid at a foreclosure … Real estate owned properties, or REO properties, are houses that have been seized by banks or other lenders from people who are unable to pay their mortgages. Details: REO stands for Real Estate Owned and is the term banks use to describe properties that went through foreclosure and the banks own. RENTERATE - RENTOGO - RENU - RENUA - RENZHE - REOA - REOD - REOE - REOL - REOP. Real Estate Owned properties . Information and translations of REO in the most comprehensive dictionary definitions resource on the web. What Are the Benefits of Buying Short Sales and Foreclosures? Find. 2 0. alda. In 2005, she earned her real-estate salesperson license from the state of Ohio and certification for leasing and property management from the Northeast Ohio Apartment Association. 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. What does REO Stand For in Technology, IT etc. REO is defined as Real English Online rarely. What does REO stand for? All Acronyms has a list of 95 REO definitions. A real estate owned building is the property of a bank or lender and are for sale to the public. Can a Seller Who Is Short Selling Stay & Rent Back the Home? All Answers (3) 13th Aug, 2017. 818.18 KB; Concrete. Share . Typical REO property issues include damaged walls, missing fixtures or appliances and faulty mechanical components. What does REO stand for in text In sum, REO is an acronym or abbreviation word that is defined in simple language. What does REO mean? Looking for online definition of REO or what REO stands for? Was REO Speed Wagon, a flat-bed truck that Neal Doughty studied in transportation class. Properties that are to be sold at the auction usually begins with minimum bids starting from the Loan Amount that is still owed on the property including any late … Is it Better to Buy a Short Sale or Foreclosure? Facebook. What does REO mean? REO properties … REO Motor Car Company founder - Ransom E Olds. Generally, REO properties get sold on the open real estate market using a real estate agent or in bulk sales to investors. Regional-- and more... Rate it: REO: Regional Ecosystem Office. As a homebuyer, you might see properties listed as real estate owned, REO, or bank-owned, which all mean the same thing. REO stands for Real English Online. The term REO stands for Real Estate Owned properties. One in particular is REO. REO stands for Registration and Electoral Office. REO stands for (Real Estate Owned).This is a term that is used when a property goes back to the Lender after failing to be sold at a Foreclosure Auction. Looking for online definition of D-REO or what D-REO stands for? Twitter. ?. Relevance. When foreclosure real estate does not sell through public auction it returned to the lender, who in turn lists the property for sale through an assigned realtor. By 1933, almost 0.73 percent of the homes in the United States became bank REO properties with about a thousand occurring daily. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. List of 102 REO definitions. Examples: NFL, NASA, PSP, HIPAA. What Is an REO Property? Porter finally explained the "O" stands for owned. Generally, REO properties get sold on the open real estate market using a real estate agent or in bulk sales to investors. Answer Save. REO: Red Elusive One. List page number 5 "REO stands for 'Really Excellent OREO (cookie).' Basically they are properties which have been reclaimed by the bank or agency that financed the original mortgage. An REO property can be any age or style, in virtually any neighborhood. A buyer may offer less or request the bank make a repair in the instance of major home systems such as electrical, plumbing and mechanics, and the bank may agree to facilitate a sale. She was certified as a life and weight-loss coach and master practitioner of neuro-linguistic programming in 2011. The speedwagon was an old delivery truck they made in the early 1900's. Definition of REO in the Definitions.net dictionary. REO Speedwagon took its name from the REO Speed Wagon, a truck manufactured by the REO Motor Car Company (the predecessor to today's Nucor). Reddit. The nation's first REO auctions, referred to as “penny auctions,” forced profit-hungry banks to purge unsold properties, which became liabilities. REO stands for Real English Online. The REO Motor Car Company was a Lansing, Michigan-based company that produced automobiles and trucks from 1905 to 1975. When a buyer makes an offer to purchase a REO home, it can seem less personal and less emotional than a transaction with a traditional homeowner-seller. Below are the facts you must know about … What does REO stand for? Updated March 2020. LinkedIn. Real estate owned (REO) is the term for a property owned by a lender because it failed to sale in a foreclosure auction after the borrower defaulted on his or her mortgage. When talking about real estate investing, we hear all kinds of terms. Advertisement: This definition appears somewhat frequently. What does REO stand for? Meaning of REO. Rate it: REO: Regional Economic Outlook. Ransom E. Olds was an entrepreneur who founded multiple companies in the automobile industry. Web. Everyone knows that," Oreo Cookie tweeted to its 846,000 followers. If they fail to sell at auction, they are repurchased by the primary mortgage holder and then they are sold on the open market. REO: Radio Electronics Officer *** REO: Radar Electro-Optical ** REO: … A former property owner's unwilling and unhappy departure coupled with a long period of vacancy is a recipe for property damage. 5 years ago. Lv 7. Top REO acronym meaning: radar electro optical. Can I Short Sale My Home If It Has Extensive Structural Damage? what does reo (speedwagon) stand for? If a property is REO, this means that the bank owns the property as the result of a foreclosure. It stands for Real Estate Owned. Eager banks may offer attractive financing programs to buyers to unload REO properties. In 1897 Olds founded Oldsmobile.In 1905 Olds left Oldsmobile and established a new company, REO … REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction. © Copyright 2020 Hearst Communications, Inc. "Smart Money Guide to Bargain Homes"; James Weidemer; 1994. ; What does REO mean? As a buyer, a professional property inspection allows you to make an educated offer for purchase considering the costs involved to repair any existing defects. We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. 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