Definition:  Buying a property where the Seller is a Lender as a result of a foreclosure or forfeiture.

R.E.O. stands for Real Estate Owned.  The economy has taken a downturn and owners are facing a predicament in which they must turn their property over to a lending institution because they cannot meet their mortgage payments.  When you purchase a R.E.O. property buyers can incur special challenges such as tighter time lines and rigorous policies.  Keystone Escrow understands these challenges and specialize in the closing of R.E.O. properties.