LinkedIn. At one point the company also manufactured buses on its truck platforms.. 1 decade ago. 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 … All Answers (3) 13th Aug, 2017. Menu Search "AcronymAttic.com. Generally, REO properties get sold on the open real estate market using a real estate agent or in bulk sales to investors. Foreclosures in the United States date back to the early 1930s. Below are the facts you must know about … REO stands for Ransom Eli Olds (automobile manufacturer and namesake of the Oldsmobile and Reo brands; origin for band REO Speedwagon) Answer Save. Other Resources: Acronym Finder has 24 verified definitions for REO. These are homes that have been foreclosed on by banks or lenders. Favourite answer. The REO Motor Car Company was a Lansing, Michigan-based company that produced automobiles and trucks from 1905 to 1975. List page number 2 Reddit. © Copyright 2020 Hearst Communications, Inc. "Smart Money Guide to Bargain Homes"; James Weidemer; 1994. 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). Meaning of REO. The term “REO” stands for “real estate-owned home” and commonly grouped together with "bank owned." The term REO stands for Real Estate Owned properties. What does REO mean? 11 Jan. 2021. "REO stands for 'Really Excellent OREO (cookie).' 2 0. alda. REO Motor Car Company founder - Ransom E Olds. When talking about real estate investing, we hear all kinds of terms. 4 Answers. "That's what happens when a property goes into foreclosure. An acronym for ‘real estate owned’, REO refers to foreclosure property repossessed by mortgage lenders. REO is defined as Real English Online rarely. Everyone knows that," Oreo Cookie tweeted to its 846,000 followers. These properties were reverted back to the bank after the homeowner was foreclosed upon. 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. What Is an REO Property? Porter finally explained the "O" stands for owned. 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. Top REO abbreviation meanings updated July 2020. List page number 5 Looking for online definition of D-REO or what D-REO stands for? REO Speedwagon took its name from the REO Speed Wagon, a truck manufactured by the REO Motor Car Company. "REO." REO Stands … 818.18 KB; Concrete. Was REO Speed Wagon, a flat-bed truck that Neal Doughty studied in transportation class. REO properties … 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. How a Property Becomes REO. Basically an REO is real estate owned by the bank. Details: REO stands for Real Estate Owned and is the term banks use to describe properties that went through foreclosure and the banks own. Best, q1.ppt. Could you please have a look to attached slide and let me know what does reo mean? What does REO stand for? A real estate owned building is the property of a bank or lender and are for sale to the public. what does reo (speedwagon) stand for? One in particular is REO. She was certified as a life and weight-loss coach and master practitioner of neuro-linguistic programming in 2011. are initials of the company's founder, Ransom Eli Olds, who also founded Oldsmobile, now a … Rate it: REO: Regional Economic Outlook. Can I Short Sale My Home If It Has Extensive Structural Damage? Twitter. REO: Red Elusive One. This page illustrates how REO is used in messaging and chat forums, in addition to social networking software like VK, Instagram, Whatsapp, and Snapchat. Foreclosure is the legal process where real estate secured by a mortgage or deed of trust is sold to satisfy a debt. Web. What does REO stand for? In 1897 Olds founded Oldsmobile.In 1905 Olds left Oldsmobile and established a new company, REO … Rate it: REO: Reentry Employment Opportunities. Possible REO meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. 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. 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. Share . 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. Is it Better to Buy a Short Sale or Foreclosure? Information and translations of REO in the most comprehensive dictionary definitions resource on the web. List of 102 REO definitions. The nation's first REO auctions, referred to as “penny auctions,” forced profit-hungry banks to purge unsold properties, which became liabilities. What does REO stand for? A chance to make some money. 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. Vacant REO homes are a profit drain on bank owners, resulting in an urgency for sales. The REO are the initials of Ransom E. Olds, the founder of the truck. 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. 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. Generally, REO properties get sold on the open real estate market using a real estate agent or in bulk sales to investors. Basically they are properties which have been reclaimed by the bank or agency that financed the original mortgage. 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. Tweet. . 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. What does RPC stand … 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. 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. Typical REO property issues include damaged walls, missing fixtures or appliances and faulty mechanical components. These circumstances may offer you an … 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. See other definitions of REO. Updated March 2020. Regional-- and more... Rate it: REO: Regional Ecosystem Office. The majority of REO foreclosed properties require work to rehabilitate or repair problems. Governmental » Employment. REO stands for Registration and Electoral Office. Mr Answerman. By 1933, almost 0.73 percent of the homes in the United States became bank REO properties with about a thousand occurring daily. All Acronyms has a list of 95 REO definitions. 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. Can a Seller Who Is Short Selling Stay & Rent Back the Home? D-REO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary REO stands for Real Estate Owned properties. What does REO stand for? ("R.E.O." 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. REO properties generally get sold at a discounted price when compared to comparable properties. Abbreviations.com. ("R.E.O." Banks typically sell REO properties "as-is." Rate it: REO: … 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. 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. A foreclosing beneficiary will typically set the opening bid at a foreclosure … 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 … As a homebuyer, you might see properties listed as real estate owned, REO, or bank-owned, which all mean the same thing. For REO we have found 92 definitions. 5 years ago. REO: Radio Electronics Officer *** REO: Radar Electro-Optical ** REO: … If a property is REO, this means that the bank owns the property as the result of a foreclosure. 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. REO stands for Real English Online. 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. Real estate agents … Miscellaneous » Unclassified. An REO is a property that was foreclosed on. Lv 7. What does REO mean? What Are the Benefits of Buying Short Sales and Foreclosures? Rate it: REO: Really Excellent OREO. ; What does REO mean? ?. Following the stock market crash in the fall of 1929, unemployment rose and caused the housing and bank markets to fall. What does REO stand for? If they fail to sell at auction, they are repurchased by the primary mortgage holder and then they are sold on the open market. A former property owner's unwilling and unhappy departure coupled with a long period of vacancy is a recipe for property damage. Get instant explanation for any acronym or abbreviation that hits you anywhere on the web. "Real estate owned," she told Carson. Eager banks may offer attractive financing programs to buyers to unload REO properties. Looking for online definition of REO or what REO stands for? RENTERATE - RENTOGO - RENU - RENUA - RENZHE - REOA - REOD - REOE - REOL - REOP. Top REO acronym meaning: radar electro optical. Ransom E. Olds was an entrepreneur who founded multiple companies in the automobile industry. REO stands for Real English Online. Find. Abbreviation to define. Real Estate Owned properties . Tricia Chaves began her writing career after working in advertising and promotions for entertainment publisher "The New Times." Advertisement: This definition appears somewhat frequently. Besides, what does the acronym REO stand for? At the same time, a sandstorm- and drought-filled season caused farmers' businesses to fold. Printer friendly. It stands for Real Estate Owned. Facebook. An REO property can be any age or style, in virtually any neighborhood. Please look for them carefully. Tweet. are initials of the company's founder, Ransom Eli Olds, who also founded the Oldsmobile division of General Motors.) Relevance. Examples: NFL, NASA, PSP, HIPAA. Governmental » Military. We know 92 definitions for REO abbreviation or acronym in 8 categories. The speedwagon was an old delivery truck they made in the early 1900's. Regional. STANDS4 LLC, 2021. http://www.SimonVolkov.com REO stands for real estate owned. REO stands for "Real Estate Owned." What does REO stand for in text In sum, REO is an acronym or abbreviation word that is defined in simple language. Definition of REO in the Definitions.net dictionary. What does REO stand for? What does REO Stand For in Technology, IT etc. When compared to comparable properties Extensive Structural damage in advertising and promotions for entertainment publisher `` the Times. Or lenders opening bid at a discounted price when compared to comparable properties: //www.SimonVolkov.com REO stands for 'Really OREO... 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