Question Details

Laura, Home Buyer in Ohio

what is an REO manager?

Asked by Laura, Ohio Sun Dec 16, 2007

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The REO(Real Estate Owned) manager is the person at the bank, who is in charge of overseeing, negotiating, and selling the bank owned property. They are usually not delt with directly by the end user. Usually the REO attorney for the bank and the Listing agent for the property have the most contact with the REO Manager.
1 vote Thank Flag Link Sun Dec 16, 2007
Great answer Ian, I couldn't have explained it better myself.
0 votes Thank Flag Link Sun Dec 16, 2007
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