REO meaning in Business ?

Answer:

What is Real Estate Owned mean?

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. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of the foreclosure property, such as with a mortgage loan made at a high loan-to-value during a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset. (See non-performing asset).

reference

Full Form	Category
Research Electro Optics	Academic & Science
Research Enterprise Office	Academic & Science
Rogante Engineering Office	Academic & Science
Rare Earth Ore	Academic & Science
Re Employment Options	Business
Real Estate Owned	Business
Regional Event Organiser	Business
Real Estated Owned	Business
Responsible Engagement Overview	Community
Ransom Eli Olds	Community
Radial Error Offset	Computing
Responsible Engagement Overlay	Computing
Result Evaluation Object	Computing
Range Estimate Object	Computing
Ratio of Error Object	Computing
Region Error Option	Computing
Responsible Engagement Overly	General
Rubber Estate Organization	General
A Region Executive Officer	General
Ransom E Olds	General
Robin Entertainment Organisation	General
Really Excellent OREO	General
Readiness Engineering Office	Governmental
Red Elusive One	Governmental
Riot Engine Object	Governmental
Rural Employment Opportunities	Governmental
Reentry Employment Opportunities	Governmental
Respiratory Enteric Orphan	Medical
Regional Executive Officer	Regional
Rome, Oregon USA	Regional
Regional Ecosystem Office	Regional
Regional Economic Outlook	Regional