Remove Design Remove Real-estate owned Remove Short sale Remove Staging
article thumbnail

How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. What’s an REO home?

Banks 80
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. How to Get a Real Estate License in 5 Simple Steps. Real-estate owned (REO). Real Estate Settlement Procedures Act (RESPA). Short sale. Foreclosure. Freddie Mac.