In the Arizona Regional MLS, "REO Apprvl Indicated" means that the lender selling the home has verbally accepted an offer but the paperwork hasn't yet been completed.
If you do not have a good Realtor to guide you through the REO process please feel free to give me a call.
HomSmart- Elite Group
We have found that different MLS's and different States have different ways of doing things.
The key to this is using a local Agent to buy or sell Real Estate:
If you were using a Realtor, you wouldn't need to ask us.
Please call a Realtor and have them represent you,
Buyer's Agents are free,
But not using one can be expensive!
Good luck and may God bless
REO approval means that the property is owned by the bank (a foreclosure) and requires it's approval on any offers. REO means: real estate owned.
Hope that clarifies.
Prudential Connecticut Realty