REO stands for Real Estate Owned by the bank after it has gone to auction without any third party buyers. REO is an accounting term that the bank uses to indicate a non-liquid asset. The foreclosing lender can then put the REO up for sale or rent on the local market with a licensed real estate professional.
The Madison Group KW has been managing and selling REO properties for over 16 years with thousands of these complicated transactions completed. We can help buyers interested in our current listings or our office exclusives that are not yet available to the general public.
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