REO definition

REO means real estate owned, as the term is commonly understood in the mortgage industry.
REO means real estate owned.

Examples of REO in a sentence

  • The remedies provided for in this subsection with respect to any Material Defect with respect to any Mortgage Loan shall also apply to the related REO Property.

  • The Primary Servicer shall continue to process payments and maintain ongoing payment records with respect to each Mortgage Loan and Serviced Companion Loan that becomes a Specially Serviced Loan or an REO Property and shall timely provide the Master Servicer and the Special Servicer with any information required by either to perform their respective duties under the Pooling and Servicing Agreement.

  • The Borrower has no Subsidiaries other than any REO Asset Owners.

  • 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____.

  • The Primary Servicer shall continue to process payments and maintain ongoing payment records with respect to each Mortgage Loan and Serviced Companion Loans that becomes a Specially Serviced Loan or an REO Property and shall timely provide the Master Servicer and the Special Servicer with any information required by either to perform their respective duties under the Pooling and Servicing Agreement.


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 Loans as to which the real estate collateral has been foreclosed upon and is owned by the Trust.
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.
REO means Single-family real property 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 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.