Home Buying in Pelion>Question Details

Lisa, Other/Just Looking in Pelion, SC

What is REO and Trustee Deed?

Asked by Lisa, Pelion, SC Thu Oct 6, 2011

Help the community by answering this question:


An REO, real estate owned, is a property owned by a lender, generally as a result of foreclosure; a trustee deed is a legal document that transfers title to a purchaser after a foreclosure; for any necessary legal advice, do consult with an attorney who specializes in real estate.
0 votes Thank Flag Link Thu Oct 6, 2011
REO stands for Real Estate Owned. It's a synonym for a foreclosed property. Maybe another agent can proffer a good definition of a Trustee Deed. Your title company would certainly be able to do so.
0 votes Thank Flag Link Thu Oct 6, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer