REO definition
REO means a Mortgaged Property that is acquired by the Trust in foreclosure or by deed in lieu of foreclosure.
REO means real estate owned.
REO means real estate owned, as the term is commonly understood in the mortgage industry.
Examples of REO in a sentence
REO Portfolio as of: _________________ # of Properties Cost Basis Reserves / Write Downs Net Book Value EXHIBIT F, Form of Repurchase and Indemnification Report – Page 2 13312-786/M/I Financial Warehouse Facility IN WITNESS WHEREOF, the undersigned has hereunto signed his/her name on _____________________, 20____.
More Definitions of REO
REO means any residential real property owned by Seller, any of its Affiliates or an Investor (whether for its own account or on behalf of an Investor), as a result of an actual completion of foreclosure proceedings or other acquisition of title with respect to a Mortgage Loan.
REO. A Mortgaged Property acquired by the Servicer or any sub-servicer on behalf of the Trust through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.
REO means real estate owned assets.
REO means real estate owned property.
REO means Loans as to which the real estate collateral has been foreclosed upon and is owned by the Trust.
REO means real property improved by a one-through four-family residence owned following judicial or nonjudicial foreclosure (or conveyance by deed in lieu of foreclosure) of a Mortgage securing a Single-family Loan.
REO means real estate owned by the LLC (and may also refer to other real property taken back by a lender) through a foreclosure, deed in lieu of foreclosure, or other means.