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REO

/ˈrioʊ/ /ˌɑːˌiːˈəʊ/
noun
GeneralBusiness
  1. 1 REO, banka elindeki gayrimenkul
  2. 2 başarısız açık artırmadan sonra bankanın veya ipotek kredisi verenin mülkiyetine geçen gayrimenkul

Definition (English)

  1. Real Estate Owned: property that a lender has taken back after a foreclosure.
  2. A property that is owned by the bank or mortgage lender after a failed auction.

Example Sentences

  1. The bank listed several REO properties.
    Banka birkaç REO mülkü listeledi.
  2. Investors often buy REO at a discount.
    Yatırımcılar genellikle REO'yu indirimli alırlar.

Collocations

reo propertyreo assetreo salereo listingreo marketreo inventory

Related Words

foreclosuremortgagereal estatelenderpropertyauction