REO means Real Estate Owned, it is a foreclosure. If you are considering buying, speak with a local lender to get pre-approved first. This is for you so you can see where rates are at, your purchase price, what the mortgage will be and etc., however in today's real estate market you will be required to submit a signed pre-qualification form on any REO listing, or the bank will not even consider the offer.
Next, speak with a local Realtor and start a relationship today. Many sites, like Trulia and Zillow are not very accurate, they list many properties that are not for sale or are currently under contract.
Please click on my profile, read over 85 past client written reviews and feel free to give me a call with a questions or concerns.
Best of luck.
Spirit Messingham, PLLC
3rd Generation Full-Time RealtorÂ®
Tierra Antigua Realty
Direct (520) 471-6900
Fax (866) 365-5208