REOs and FORECLOSUREs are not the same thing, however an REO is only produced as a result of an unsuccessful foreclosure, in which a buyer for the property cannot be found, and so the mortgage lender repossesses the property to sell separately.
I'm sorry to hear about this. The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies (Equifax, Experian, and TransUnion) to provide you with a free copy of your credit report, at your request, once every 12 months. In order to see if it was reported to the credit agencies check your credit report here: (it's free without a credit score)
Do not contact the three nationwide credit reporting companies individually. They are providing free annual credit reports only through annualcreditreport.com. You may order your reports from each of the three nationwide credit reporting companies at the same time, or you can order your report from each of the companies one at a time (for a total of 3 reports per year).... more
If you home is foreclosed on you can in some instances be paid by the bank to move out its called cash for keys they want it clean and with all appliances left in place and keys in hand to the banks represenative. they will notify you within a few days of the auction date. If a private party buys it they can evict you or also pay you to move out. Always ask you might get some money to move in a few 1-3 weeks. They usually all start eviction and if you do not move out will have the sherif evict you in about 30 days. This is just a general estimate in California.... more