The REO Motor Car Company was a Lansing, Michigan-based company that produced automobiles and trucks from 1905 to 1975. 5 years ago. Relevance. The term “REO” stands for “real estate-owned home” and commonly grouped together with "bank owned." LinkedIn. What does RPC stand … What does REO stand for? One in particular is REO. ("R.E.O." REO Speedwagon took its name from the REO Speed Wagon, a truck manufactured by the REO Motor Car Company (the predecessor to today's Nucor). Real Estate Owned (REO) is residential property that a lender becomes an owner of after they complete a foreclosure and take possession of the property. The nation's first REO auctions, referred to as “penny auctions,” forced profit-hungry banks to purge unsold properties, which became liabilities. Meaning of REO. A chance to make some money. The Epoch Times: The Ins and Outs of Foreclosures and REO Properties, Stock Market Review: History of Foreclosures and Bank REOs Going Back to the1930's, Yahoo Real Estate: Surprise Defects May Derail REO Purchase, Home Sales: Homes for Sale by the U. S. Government. REO stands for Registration and Electoral Office. Facebook. The speedwagon was an old delivery truck they made in the early 1900's. In 2005, she earned her real-estate salesperson license from the state of Ohio and certification for leasing and property management from the Northeast Ohio Apartment Association. Regional-- and more... Rate it: REO: Regional Ecosystem Office. Many traditional agents tend to think listing REO properties is a pretty easy job: get listings, put them in MLS, submit offers, and collect a check. The REO are the initials of Ransom E. Olds, the founder of the truck. Abbreviation to define. REO stands for Real Estate Owned properties. REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction. Generally, REO properties get sold on the open real estate market using a real estate agent or in bulk sales to investors. Miscellaneous » Unclassified. What does REO stand for? 1 decade ago. Porter finally explained the "O" stands for owned. 11 Jan. 2021. An REO property can be any age or style, in virtually any neighborhood. REO properties generally get sold at a discounted price when compared to comparable properties. REO stands for Real English Online. "REO." are initials of the company's founder, Ransom Eli Olds, who also founded the Oldsmobile division of General Motors.) Regional. Updated March 2020. For REO we have found 92 definitions. An acronym for ‘real estate owned’, REO refers to foreclosure property repossessed by mortgage lenders. All Answers (3) 13th Aug, 2017. Information and translations of REO in the most comprehensive dictionary definitions resource on the web. How a Property Becomes REO. are initials of the company's founder, Ransom Eli Olds, who also founded Oldsmobile, now a … Can a Seller Who Is Short Selling Stay & Rent Back the Home? Rate it: REO: … Governmental » Employment. Best, q1.ppt. ; What does REO mean? Real estate owned properties, or REO properties, are houses that have been seized by banks or other lenders from people who are unable to pay their mortgages. D-REO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary She was certified as a life and weight-loss coach and master practitioner of neuro-linguistic programming in 2011. ?. REO stands for Real English Online. Can I Short Sale My Home If It Has Extensive Structural Damage? Twitter. 818.18 KB; Concrete. REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction. Top REO abbreviation meanings updated July 2020. REO stands for Ransom Eli Olds (automobile manufacturer and namesake of the Oldsmobile and Reo brands; origin for band REO Speedwagon) REO Speedwagon took its name from the REO Speed Wagon, a truck manufactured by the REO Motor Car Company. Find. Basically they are properties which have been reclaimed by the bank or agency that financed the original mortgage. We know 92 definitions for REO abbreviation or acronym in 8 categories. Vacant REO homes are a profit drain on bank owners, resulting in an urgency for sales. 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. Is it Better to Buy a Short Sale or Foreclosure? Examples: NFL, NASA, PSP, HIPAA. These properties were reverted back to the bank after the homeowner was foreclosed upon. Other Resources: Acronym Finder has 24 verified definitions for REO. Some REO loan incentives include zero percent or a reduced down payment when compared with conventional loans, lower interest rates, less stringent credit criteria, faster approval and financing for homes which other lenders may not approve. "Real estate owned," she told Carson. What does REO mean? Lv 7. Real estate agents … Advertisement: This definition appears somewhat frequently. REO stands for (Real Estate Owned).This is a term that is used when a property goes back to the Lender after failing to be sold at a Foreclosure Auction. Abbreviations.com. Following the stock market crash in the fall of 1929, unemployment rose and caused the housing and bank markets to fall. Earnings Before Income, Taxes, Depreciation, and Amortization, Earnings Before Interest, Taxes, Depreciation, and Amortization, Earnings Before Interest, Taxes, Depreciation, and Arbitration, Earnings Before Interest, Taxes, Delusions, and Amortization. Answer Save. Typical REO property issues include damaged walls, missing fixtures or appliances and faulty mechanical components. © Copyright 2020 Hearst Communications, Inc. "Smart Money Guide to Bargain Homes"; James Weidemer; 1994. Ransom E. Olds was an entrepreneur who founded multiple companies in the automobile industry. REO: Reseau Educatif de l'Ontario (French) REO: Radar Electro-Optical: REO: Radio Electronics Officer: REO: Research Enterprise Office (Malaysia) REO: Residual Efficient Organization: REO: Race Equality Officer: REO: Resource Optimizer: REO: Regional Economic Organisation: REO: Radiated Emissions Test: REO: Readiness … REO Motor Car Company founder - Ransom E Olds. Reddit. REO is defined as Real English Online rarely. Foreclosure is the legal process where real estate secured by a mortgage or deed of trust is sold to satisfy a debt. Rate it: REO: Regional Economic Outlook. When a buyer makes an offer to purchase a REO home, it can seem less personal and less emotional than a transaction with a traditional homeowner-seller. A real estate owned building is the property of a bank or lender and are for sale to the public. REO: Radio Electronics Officer *** REO: Radar Electro-Optical ** REO: … What does REO stand for? List of 102 REO definitions. STANDS4 LLC, 2021. Properties that are to be sold at the auction usually begins with minimum bids starting from the Loan Amount that is still owed on the property including any late … "REO stands for 'Really Excellent OREO (cookie).' As a homebuyer, you might see properties listed as real estate owned, REO, or bank-owned, which all mean the same thing. Get instant explanation for any acronym or abbreviation that hits you anywhere on the web. Top REO acronym meaning: radar electro optical. What does REO stand for? What does REO stand for? These circumstances may offer you an … Looking for online definition of REO or what REO stands for? Was REO Speed Wagon, a flat-bed truck that Neal Doughty studied in transportation class. We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. 4 Answers. 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. The majority of REO foreclosed properties require work to rehabilitate or repair problems. Everyone knows that," Oreo Cookie tweeted to its 846,000 followers. Eager banks may offer attractive financing programs to buyers to unload REO properties. Could you please have a look to attached slide and let me know what does reo mean? An REO is a property that was foreclosed on. It stands for Real Estate Owned. ("R.E.O." Below are the facts you must know about … Basically an REO is real estate owned by the bank. "That's what happens when a property goes into foreclosure. REO Stands … In 1897 Olds founded Oldsmobile.In 1905 Olds left Oldsmobile and established a new company, REO … Rate it: REO: Reentry Employment Opportunities. What Are the Benefits of Buying Short Sales and Foreclosures? Favourite answer. http://www.SimonVolkov.com REO stands for real estate owned. Menu Search "AcronymAttic.com. REO properties … In an REO home offer, the bank representative simply considers the bank's bottom line and generally makes a fast decision, which can result in a smooth and quick closing. Tricia Chaves began her writing career after working in advertising and promotions for entertainment publisher "The New Times." Foreclosures in the United States date back to the early 1930s. Banks typically sell REO properties "as-is." Tweet. Generally, REO properties get sold on the open real estate market using a real estate agent or in bulk sales to investors. Rate it: REO: Really Excellent OREO. What does REO Stand For in Technology, IT etc. A former property owner's unwilling and unhappy departure coupled with a long period of vacancy is a recipe for property damage. A foreclosing beneficiary will typically set the opening bid at a foreclosure … What Is an REO Property? Possible REO meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. By 1933, almost 0.73 percent of the homes in the United States became bank REO properties with about a thousand occurring daily. what does reo (speedwagon) stand for? Tweet. A buyer may offer less or request the bank make a repair in the instance of major home systems such as electrical, plumbing and mechanics, and the bank may agree to facilitate a sale. Real estate owned (REO) is the term for a property owned by a lender because it failed to sale in a foreclosure auction after the borrower defaulted on his or her mortgage. At one point the company also manufactured buses on its truck platforms.. Mr Answerman. What does REO stand for? Share . List page number 5 What does REO mean? REO stands for Real Estate Owned properties, which get reclaimed by the bank or government agency which financed their mortgage after failing to sell at a real estate auction. Besides, what does the acronym REO stand for? REO stands for "Real Estate Owned." As a buyer, a professional property inspection allows you to make an educated offer for purchase considering the costs involved to repair any existing defects. When foreclosure real estate does not sell through public auction it returned to the lender, who in turn lists the property for sale through an assigned realtor. If a property is REO, this means that the bank owns the property as the result of a foreclosure. When talking about real estate investing, we hear all kinds of terms. If they fail to sell at auction, they are repurchased by the primary mortgage holder and then they are sold on the open market. REO: Red Elusive One. Governmental » Military. These are homes that have been foreclosed on by banks or lenders. Definition of REO in the Definitions.net dictionary. Details: REO stands for Real Estate Owned and is the term banks use to describe properties that went through foreclosure and the banks own. At the same time, a sandstorm- and drought-filled season caused farmers' businesses to fold. Printer friendly. Web. See other definitions of REO. Please look for them carefully. 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