Broker Price Opinion or BPO Work is Booming

You Can find REO's Just About Everywhere (photo: NASA-PD)REO or real-estate-owned properties are hot commodities these days. An REO house or other property (such as a plot of land, or a commercial building) is one that has reverted to bank ownership because the original owners defaulted on their mortgage, and the property was not purchased at a foreclosure auction. In cases like that, the owner of last resort is the bank itself. Hence, these are also sometimes known as bank-owned properties.C

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