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. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount.
REO Pro Corp has successfully worked with hundreds of agents in ensuring that they have the knowledge and experience to properly handle any REO listing, Short Sale listing and any situation that may come about during the process of listing a default property.
Note: Employees and family members residing with employees of Wells Fargo Bank, N.A., its affiliates or subsidiaries or Wachovia Corporation, its affiliates and subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or managed by Premiere Asset Services.
The REO Motor Car Company was a Lansing, Michigan-based company that produced automobiles and trucks from 1905 to 1975. At one point the company also manufactured buses on its truck platforms.. Ransom E. Olds was an entrepreneur who founded multiple companies in the automobile industry. In 1897 Olds founded the Olds Motor Vehicle Company, makers of Oldsmobile (later to become a part …
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