REO (Real Estate Owned)
An REO is a property that the bank already owns after a default and sells at a discount to remove it from its balance sheet.
Detailed explanation
REO (Real Estate Owned) is the final stage of the default process: the bank has kept the property after the foreclosure or auction. As the owner, it sells it through a normal purchase, without going to court. It is the simplest way to invest in bank assets at a discount.
Practical example
A home repossessed by the bank with a market value of €150,000 can be offered as an REO for €100,000-120,000, ready to deed and free of charges.
When it matters
REOs appeal to the investor who wants a discount and legal certainty without taking on the risk of an auction or a long legal process.
At Arkos Investor
At Arkos Investor you will find selected, audited REO assets with reviewed documentation so you can buy with peace of mind.
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