real estate owned

WReal estate owned
  • Real estate owned or REO is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.
real estate owned
real estate owned

    Definition of real estate owned in English Dictionary

  • NounPREré-
    1. Real estate owned by a forecloser.
    • Part-of-Speech Hierarchy
      1. Nouns
        • Singularia tantum
          • Uncountable nouns
      Source: Wiktionary
       0 0

      Meaning of real estate owned for the defined word.

      Grammatically, this idiom "real estate owned" is a noun, more specifically, a singularia tantum.
      Definiteness: Level 1
      Definite    ➨     Versatile