Registration is now open for our Wholesaling and Fix & Flip Bootcamps. Register Now!

Hide this

Forum Rules · Advanced Forum Search

Jump to Category View All

Click a category below to view different forum categories.

BiggerPockets

General Info

Rss10 BiggerPockets Q&A, Site Questions, & Announcements

964 topics, 7692 posts — Last Post 02/09/12, 05:05AM

Rss10 BiggerPockets Exclusive PRO Area

10 topics, 73 posts — Last Post 02/06/12, 09:15PM

Rss10 New Member Introductions

4490 topics, 25661 posts — Last Post 02/11/12, 03:19AM

Rss10 BiggerPockets Success Stories

142 topics, 1632 posts — Last Post 01/28/12, 09:34AM

Rss10 BiggerPockets Real Estate Investing Summit

16 topics, 560 posts — Last Post 02/10/12, 04:23PM

General Real Estate

General Real Estate

Rss10 Buying Real Estate

1194 topics, 9011 posts — Last Post 02/10/12, 10:11PM

Rss10 Selling Real Estate

303 topics, 2364 posts — Last Post 02/10/12, 10:05AM

Rss10 Renters

189 topics, 1529 posts — Last Post 12/28/11, 05:55AM

Rss10 Get Foreclosure Help - Help Stop Foreclosure Forum

218 topics, 1728 posts — Last Post 02/02/12, 10:07PM

Rss10 Home Owner Association (HOA) Issues & Problems Forum

105 topics, 662 posts — Last Post 02/09/12, 09:42AM

Rss10 Do it Yourself

312 topics, 2699 posts — Last Post 02/09/12, 07:25PM

Reviews & Feedback

Rss10 Real Estate Deal Analysis and Advice

1554 topics, 12278 posts — Last Post 02/10/12, 02:00PM

Rss10 Real Estate Guru, Book & Course Reviews and Discussions

677 topics, 6767 posts — Last Post 02/11/12, 04:25AM

Rss10 Ask About A Real Estate Company

309 topics, 4634 posts — Last Post 02/10/12, 03:12PM

Real Estate Investing

Real Estate Strategies

Rss10 Wholesaling

2406 topics, 18098 posts — Last Post 02/10/12, 10:20PM

Rss10 Rehabbing and House Flipping

1478 topics, 12679 posts — Last Post 02/09/12, 11:27AM

Rss10 Real Estate Development

190 topics, 1025 posts — Last Post 02/10/12, 10:14AM

Rss10 Pre-Construction & New Home Construction

85 topics, 530 posts — Last Post 01/10/12, 07:04PM

Rss10 Innovative Strategies

328 topics, 2304 posts — Last Post 02/10/12, 06:41PM

Rss10 Tax Liens, Notes, Paper, & Cash Flows Discussion

435 topics, 2411 posts — Last Post 02/10/12, 02:29AM

Rss10 Rent to Own a.k.a. Lease Purchase, Lease Options

341 topics, 2086 posts — Last Post 02/07/12, 07:38PM

Rss10 1031 Exchanges

58 topics, 316 posts — Last Post 12/17/11, 05:10PM

Foreclosure Investing

Rss10 General Foreclosure & Pre-Foreclosure Forums

1096 topics, 6537 posts — Last Post 02/10/12, 11:07AM

Rss10 HUD, VA, and Tax Sales

197 topics, 1221 posts — Last Post 02/10/12, 12:34PM

Rss10 REOs

922 topics, 7646 posts — Last Post 02/10/12, 02:54PM

Rss10 Short Sales

1220 topics, 10051 posts — Last Post 02/11/12, 02:43AM

Landlord & Tenant Forums

Rss10 Rental Property Questions & Landlording Issues

2940 topics, 26278 posts — Last Post 02/11/12, 03:51AM

Rss10 Land & Farm Investing

116 topics, 728 posts — Last Post 01/29/12, 06:46PM

Rss10 Mobile Homes & Mobile Home Park Investing

391 topics, 2864 posts — Last Post 02/10/12, 02:32AM

Real Estate Dealmaking

Rss10 Make Deals, Find Partners, Mentors & BirdDogs, etc.

3648 topics, 13401 posts — Last Post 02/10/12, 09:40AM

Rss10 Promote Your Real Estate Buyer's List

152 topics, 669 posts — Last Post 01/23/12, 12:35PM

Rss10 Property Wanted

626 topics, 3019 posts — Last Post 01/19/12, 02:47PM

Rss10 Seeking Financing, Money, or Loans

1218 topics, 7344 posts — Last Post 02/03/12, 11:21PM

Rss10 Tax Liens, Notes, Paper, & Cash Flows Dealmaking

273 topics, 1990 posts — Last Post 02/10/12, 02:30AM

Rss10 Bulk REO Discussion and REO Dealmaking

845 topics, 5917 posts — Last Post 02/02/12, 04:20PM

Investor Basics

Rss10 Starting Out

4060 topics, 29631 posts — Last Post 02/10/12, 04:18PM

Rss10 Investor Psychology

289 topics, 4281 posts — Last Post 01/26/12, 07:52PM

Rss10 General Real Estate Investing

3057 topics, 20771 posts — Last Post 02/10/12, 12:54PM

Rss10 Real Estate Investor Marketing

868 topics, 7051 posts — Last Post 02/11/12, 04:09AM

Commercial Real Estate

Rss10 Commercial Real Estate Investing Forum

718 topics, 3839 posts — Last Post 02/10/12, 09:28PM

Rss10 Multi-Family and Apartment Investing

141 topics, 1347 posts — Last Post 02/07/12, 05:47AM

Rss10 Office Investing

3 topics, 36 posts — Last Post 11/15/11, 02:42PM

Rss10 Industrial Property Investing

3 topics, 12 posts — Last Post 07/05/11, 10:41AM

Rss10 Retail Property Investing

6 topics, 42 posts — Last Post 02/10/12, 10:19AM

Rss10 CRE Financing and Lending

17 topics, 188 posts — Last Post 01/26/12, 05:55PM

Rss10 CRE Syndication and Fundraising

25 topics, 208 posts — Last Post 02/10/12, 12:57PM

Rss10 CRE Property Management & Leasing

2 topics, 11 posts — Last Post 12/11/11, 05:05PM

The Business of Real Estate

Real Estate Technology and the Internet

Rss10 Technology, Social Media, Real Estate & The Web

244 topics, 2017 posts — Last Post 02/10/12, 01:23PM

Rss10 Real Estate Blogs & Blogging

23 topics, 278 posts — Last Post 02/10/12, 11:01AM

Business Basics

Rss10 Goals, Business Plans & Entities

400 topics, 3913 posts — Last Post 02/10/12, 07:12PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Rss10 Tax, Legal Issues, Contracts, Self-Directed IRA

1210 topics, 8251 posts — Last Post 02/10/12, 10:52PM

Rss10 Credit & Credit Repair

177 topics, 1444 posts — Last Post 01/25/12, 06:56AM

Rss10 Property Insurance

117 topics, 753 posts — Last Post 02/10/12, 11:33PM

Rss10 Bankruptcy

21 topics, 110 posts — Last Post 12/09/11, 10:01AM

Loans, Mortgages, Credit Lines

Rss10 Private & Conventional Lending Discussion

1244 topics, 7159 posts — Last Post 02/10/12, 11:23PM

Rss10 Creative Real Estate Financing

623 topics, 3989 posts — Last Post 01/30/12, 05:35PM

Real Estate Professionals

Real Estate Professionals

Rss10 Real Estate Agents

611 topics, 3290 posts — Last Post 02/09/12, 06:32PM

Rss10 Bankers, Lenders, and Mortgage Brokers

351 topics, 1252 posts — Last Post 02/03/12, 06:47AM

Rss10 Contractors

117 topics, 626 posts — Last Post 02/08/12, 10:17AM

Local Real Estate

International Real Estate

Local Real Estate

Rss10 Local Real Estate Networking

573 topics, 3013 posts — Last Post 02/07/12, 04:58PM

Rss10 Americans & International Real Estate

138 topics, 499 posts — Last Post 12/24/11, 07:44AM

Rss10 Foreigners Buying in the USA

54 topics, 281 posts — Last Post 01/18/12, 09:33PM

Rss10 Canadian Real Estate

25 topics, 117 posts — Last Post 02/06/12, 05:17PM

Marketplace

Real Estate Marketplace

Rss10 Mortgages & Lending

388 topics, 1730 posts — Last Post 01/23/12, 02:23PM

Rss10 Residential Property, Land, & Farms For Sale

756 topics, 1414 posts — Last Post 12/26/11, 01:22PM

Rss10 Real Estate Events & Happenings

113 topics, 453 posts — Last Post 01/11/12, 05:36PM

Rss10 Commercial Properties for Sale or Lease

223 topics, 668 posts — Last Post 02/10/12, 10:59AM

Rss10 Domains & Website Reviews

44 topics, 334 posts — Last Post 11/15/11, 09:55AM

Rss10 Classifieds - Promote your Website, Newsletter, or Product

582 topics, 2646 posts — Last Post 02/10/12, 04:56PM

Off-Topic

Off Topic

Rss10 Off-Topic

1769 topics, 18863 posts — Last Post 02/11/12, 04:15AM

Rss10 Housing News & Real Estate Market

647 topics, 6308 posts — Last Post 02/09/12, 08:59AM

BiggerPockets Resources

Forums » REOs » What is an REO?

What is an REO? Subscribe to What is an REO?

7 posts by 6 users

Signup

Travis Soileau

Real Estate Investor · Eunice, Louisiana


Forum_avatar_avatar-boss

Icon_minipost Mar 12 '09, 09:42 AM

What is an REO? I am learning the real estate terminology. Thanks for the help!

Edited: 06/26/2010 at 07:33AM


Franklin Lee

· Virginia


Forum_avatar_avatar-thelandlord

Icon_minipost Mar 12 '09, 11:23 AM

A bank-owned home.

Edited: 06/26/2010 at 07:33AM


James Hiddle

Real Estate Investor · Altus, Oklahoma


Forum_avatar_avatar-mr_investor

Icon_minipost Mar 12 '09, 11:44 AM

It stands for Real Estate Owned basically when the bank takes possession of a property they foreclosed on.

Edited: 06/26/2010 at 07:34AM


Mike Macey

Real Estate Coach · Centennial, Colorado


Forum_avatar_avatar-pathfinders

Icon_minipost Mar 12 '09, 01:28 PM

What is a REO?

A REO is the result of the Foreclosure process. The bank becomes the owner of the Real Estate Owned.

A Foreclosure occurs when a property owner cannot make principal and/or interest payments on a loan.

1. Notice of Default (NOD)
2. Notice of Sale
3. Trustee Sale
4. Opening Bid

When this occurs, and the opening bid is not met, the property is deemed an REO :idea:

Edited: 06/26/2010 at 07:34AM


Jake Kucheck

Residential Real Estate Agent · Newport Beach, California


Forum_avatar_avatar-oc_pro
Pro Basic

Icon_minipost Mar 12 '09, 01:43 PM

What you probably weren't asking but might like to know anyway:

REO stands for Real Estate Owned. Why call it this when it seems more intuitive to call it a "Bank Owned Property"? Simple. On bank balance sheets, foreclosed properties are listed as Real Estate Owned or "REO".

Just thought I'd pass it along because I had this same question in a meeting of 100+ RE Agents way back when... just wanted to save you the trouble.

Edited: 06/26/2010 at 07:34AM


Travis Soileau

Real Estate Investor · Eunice, Louisiana


Forum_avatar_avatar-boss

Icon_minipost Mar 16 '09, 11:50 AM

Is it possible to make good money with REO's?

Edited: 06/26/2010 at 07:36AM


Justin S.

Rehabber · Chandler, Arizona


Forum_avatar_avatar-wheelhouse
DonorPro

Icon_minipost Mar 16 '09, 12:48 PM

Yes, but you most likely need to submit a lot of offers to get the price you need. Concentrate on properties that have been on the market for a long time. A lot of offers is in the 30-100 range. Not 5-10 range.

Do you have money to buy REO's? You will generally need 20-25% plus repair and holding costs. If you do not have a lot of capital, you may want to concentrate on shortsales or Subject To deals.

Edited: 06/26/2010 at 07:36AM

Small_wh_logo_full_1600_350_black_cJustin S., Wheelhouse Properties
E-Mail: wheelhouseproperties@gmail.com
Telephone: 4806780446
Website: http://www.wheelhouseproperties.com
Realtor, Re-modeler, Cash Buyer


Sign up