Browse the glossary using this index
Special |
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M |
N |
OP |
Q |
R |
S |
T |
U |
V |
W |
X |
Y |
Z |
ALL
REO or Bank-Owned “REO” or “Bank-Owned” is a property which is being offered for sale by a lender or other party who: (i) holds legal title to such property, (ii) does not reside in the property, and (iii) is not in the business of acquiring, selling, holding for investment, or otherwise managing or renting, such property. |
|
Short Sale Listing “Short Sale Listing” exists when the listing broker becomes aware that the listing price or sale price may be insufficient to pay the total of all liens and costs of sale and the current homeowner may not be able to bring sufficient liquid assets to the closing to cure all deficiencies. |
|
