Talk:Real estate owned

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August 2007[edit]

The words "bank", "savings and loan", "financial institution" and "thrift" should all be associated with the term "REO or Real Estate Owned". It is a GAAP accounting term used in financial statements for lending institutions. There are specific requirements for how these properties are listed on a bank's balance sheet. This has also become a generic term for any property acquired by foreclosure. The trade assocation REOMAC ("REO Managers Association") was founded in 1984 to represent bank employees whose primary job is to dispose of such properties. Website is 16:57, 4 August 2007 (UTC) Craig Wolfe, REOMAC Charter President and Founding Director 1984-1985

Just a quick note to say that, whatever its deficiencies, this article is still informative and useful (talk) 10:49, 7 May 2008 (UTC)

error in article[edit]

Regarding the last sentence of the second paragraph, shouldn't the word 'now' be used instead of 'not'? (ie..the property now becomes an REO.) —Preceding unsigned comment added by (talk) 13:36, 23 September 2010 (UTC)