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	<title>REO Blog Site &#187; REO Properties For Sale</title>
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		<title>Buying a Foreclosure &#124; Understanding the Short Sale</title>
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		<pubDate>Thu, 02 Sep 2010 20:32:46 +0000</pubDate>
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				<category><![CDATA[REO Properties For Sale]]></category>
		<category><![CDATA[foreclosure]]></category>

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		<description><![CDATA[What is a Foreclosure? A home in foreclosure happens when the owner has stopped making mortgage payments and the lender has given notice that unless the payments are brought up to date, it will take back the property.  Lenders can foreclose for other reasons, but the most common reason lenders file a notice of default is [...]]]></description>
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		<title>Foreclosure vs. REO</title>
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		<pubDate>Sun, 29 Aug 2010 22:31:27 +0000</pubDate>
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		<description><![CDATA[REO is a common term in the real estate market. It is the abbreviation for Real Estate Owned. The term seems to refer to any property. However, this is used to identify properties that were not sold during the foreclosure sale. This also means that there will not be an REO if the foreclosure sale [...]]]></description>
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		<title>What happens after an unsuccessful auction on REO real estATE owned property?</title>
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		<pubDate>Fri, 02 Apr 2010 21:22:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[REO Properties For Sale]]></category>
		<category><![CDATA[real estate]]></category>

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		<description><![CDATA[I work for a title company and just got transferred to the reo dept. Ok, so first the bank files a foreclosure complaint. Then a sherriffs sale (foreclosure) occurs. 2 questions. What happens if no one bids at the sherriffs sale? Does the bank still own the property? And are they required to release their [...]]]></description>
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