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 termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property pursuant to the last sentence of Section 10.01 hereof.

  • Xxxxxx, R.E.O., ‘Het gezin van Xxxxxxxx xxx Xxxx’, in: Leids Jaarboekje 66 (1974), p.

  • Upon such final deposit with respect to the Trust Fund and the receipt by the Trustee of a Request for Release therefor, the Trustee or the Custodian shall promptly release to EMC as applicable the Mortgage Files for the Mortgage Loans and the Trustee shall execute and deliver any documents prepared and delivered to it which are necessary to transfer any REO Property.

  • Unless otherwise agreed upon by written agreement, the AGENT/REALTOR, BUYER and/or SELLER shall provide payment to HTC for Services as outlined: Cash Transaction $500 Lender Transaction $500 REO / HUD / SS Transaction: $650 Flat Fee Service Listing: $500 Payment is due in full upon both service request and payment fulfilled via HOMESTRETCH TC LLC website.

  • The Company shall not take title in its own name to any REO Property, and any ownership of any such REO Property shall be governed by Section 12.13 and the relevant terms of the 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 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 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.