Monday, May 28, 2012

What does REO stand for?

REO means Real Estate Owned.  This is a term which banks use, meaning the property has been foreclosed on and the bank now ownes it.

Give me a call for all of your real estate needs.  Jo Ann Thomas  406-628-2903

1 comment:

Unknown said...

Great information thanks for getting this out there for people like me to read.
REO Properties for Sale