REO is an acronym for "Real Estate Owned," which indicates that the home has been foreclosed
upon and is currently on the market or soon will be. The foreclosure homes found
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The mortgage foreclosure process creates three sets of real estate investment
opportunities: the "Default/Pre-Foreclosure" phase, the "Auction/Sale" phase and the
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Four percent of all homes mortgaged are foreclosed upon. This percentage is
stacked more heavily toward the segment of the real estate market referred to as
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Federal Housing Administration (FHA) foreclosure homes are different from any
other type of foreclosure home in that there are several methods of buying a
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