REO is an acronym for Real Estate Owned. - REO (real estate owned) is a term which refers to a property that is owned by and in the possession of the lender as a result of a foreclosure.

Our clients most often list their properties as is. This makes them a great opportunity for individuals to buy and fix up either as their principle residence or as investment property. Sometimes our clients sell the property in move-in condition. These properties are marketed the same as any residential sale.

HUD homes are FHA-insured foreclosures. The government owns them. The properties are classified as insured or uninsured. Those that are insured are in good repair and FHA will insure a new loan for the home. Uninsured properties are typically fixer-uppers and the buyer will be responsible for his or her own financing.