Bank Records
OREO
OREO Properties are "Other Real Estate Owned" or Bank Owned Properties Acquired Through Foreclosure
OREO, also commonly referred to as REO is real estate acquired through foreclosure. These are bank owned properties and probably offer the broadest appeal to distressed real estate professionals. Appraisers, property managers, brokers, auctioneers, investors, contractors or developers and nearly anyone in the real estate business can find opportunities within the OREO balances of a bank. OREO stands for Other Real Estate Owned. This is bank owned property acquired through foreclosure.
