Home Buying in Bakersfield>Question Details

Annette Hars…, Renter in Bakersfield, CA

what does it mran if 5102 yellow rose ct bakersfield ca 93307 say its a REO and reconveyance?

Asked by Annette Harshaw, Bakersfield, CA Fri Jul 27, 2012

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Annette, REO stands for Real Estate Owned and that means that this home is a foreclosure and now owned by the bank that carried the owners mortgage. Reconveyance just means that the title of the house transferred back to the bank.
0 votes Thank Flag Link Sat Jul 28, 2012
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