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WHAT IS REO?

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. DEFINITION of…

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“HUD HOMES”

HUD Homes Question: I hear that HUD sells homes. How can I buy one? Answer: Read our section on how to buy a HUD home. Then look at the listings of HUD homesavailable. If you find a home that interests you, you’ll…

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