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Rock Band Speedwagon Crossword Clue

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Rock Band Speedwagon Crossword Clue

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Possible answer:- REO

What is REO

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.

What does it mean when a house is REO?
Real estate owned properties are homes that have fallen under the ownership of a mortgage lender or investor. There are several ways this can happen, but a home doesn’t automatically become REO once a lender takes possession. … The lender then tries to sell the real estate owned property to minimize its losses.
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