What are REO Homes?
If you’re looking at homes to buy, you might hear the word REO. You might also wonder what REO occupied means. This article will explain these terms in an easy way and why they matter if you want to buy a house.
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What is REO?
REO means Real Estate Owned. It is a term for a house that a bank owns because the previous owner didn’t pay their loan.
Here’s what happens:
* Someone borrows money from a bank to buy a house.
* If they stop paying the loan, the bank

If you’re looking at homes to buy, you might hear the word REO. You might also wonder what REO occupied means. This article will explain these terms in an easy way and why they matter if you want to buy a house.
Get A Free Mortgage Quote
What is REO?
REO means Real Estate Owned. It is a term for a house that a bank owns because the previous owner...