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A schedule of real estate owned (SREO) is a form that lists all properties that an investor has a full or partial interest in, along with the current market values and corresponding debt obligations or mortgage balances.
Real estate owned (REO) properties are homes that have fallen under the ownership of a mortgage lender or investor, typically because the property failed to sell at auction. Homes can become REO properties for multiple reasons, the most common one being that the home went into foreclosure.
A Schedule of Real Estate Owned, often abbreviated to SREO, is a list of all the properties in which an investor has an ownership interest. Annotated with some other key information, this list gives an overview of the composition of the portfolio, the amount of equity, and the debt assigned to each property.
What is an REO property? The most common definition of an REO (Real Estate Owned) is a property that has gone into foreclosure and didnt sell during auction. If the foreclosed home doesnt sell, the ownership defaults to the original bank or lender.
Among the many important documents that investors must furnish when applying for a commercial real estate loan is a schedule of real estate owned, or REO schedule.
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The term REO stands for real estate-owned home and commonly grouped together with bank owned. These are homes that have been foreclosed on by banks or lenders. The banks or lenders now own and wish to sell the home. Once the home has gone through the foreclosure process, the bank has two options for selling it.

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