newbie question - what does REO mean

What do the letters REO actually stand for. Great site, thanks for your time and info>

REO = Real Estate Owned

It refers to property that a bank (or other lending institution) lent mony on and had to take back for non-payment. The bank now owns the property.

Hope that helps…


The concept makes plenty of sense. I could just never put words to the abbreviations.

Thanks for your time!

You’re welcome…anytime!

There are some “Investor Information” items (look to the left-side of the screen) that can help you, too…look at the “Investing Glossary” and the “Investing Abbreviations”…