What does a bank-owned REO mean?

Answer Bank-owned REO refers to real estate owned by a bank. This real estate is usually acquired through a foreclosure process on property that is used as collateral for loans that are in default by the... Read More »

Top Q&A For: What does a bank-owned REO mean

What does it mean if a home is bank owned?

A bank-owned home is a house that has been foreclosed and is back in the possession of the lender, the bank. The term used in the real estate and financial industries is Real Estate Owned (REO).Sou... Read More »

Who is Citizens Bank owned by?

Citizens Financial Group Inc. owns Citizens Bank. Citizens Financial Group began in 1828 with the opening of the High Street Bank, located in Providence, Rhode Island. As of June 2010, Citizens Fin... Read More »

What Is a Bank-Owned BOV Apartment?

Commercial property buyers look for foreclosed apartments held by a bank, with the lowest purchase price and the highest resale value. Even though you can negotiate the purchase price, it can be ch... Read More »

What is a bank owned sale?

A bank-owned sale is the sale of property owned by a bank. The property may have been repossessed by the bank, like a house or car, or it may be property that was previously available for lease to ... Read More »