Other Real Estate Owned is a bank accounting term that refers to real estate owned by a bank that is not directly related to ...
Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.
Charles Cohen’s 750 Lexington Ave., a 350,000 square-foot office tower at East 59th Street, was sold back to its lender U.S.
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