Houses owned by institutional lenders through foreclosure are referred to as
A)commission free properties.
B)reinstatement positioned.
C)damaged properties.
D)real estate owned (REO).

Question

Houses owned by institutional lenders through foreclosure are referred to as​
A)commission free properties.
B)reinstatement positioned.
C)damaged properties.
D)real estate owned (REO).

Quizplus · Accepted Answer

Houses owned by institutional lenders through foreclosure are referred to as Real Estate Owned (REO). These properties have gone through the foreclosure process and are now owned by the bank or mortgage company.

Houses Owned by Institutional Lenders Through Foreclosure Are Referred to As​

Houses Owned by Institutional Lenders Through Foreclosure Are Referred to As