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What is the difference between a Foreclosure, REO, HUD, and VA Foreclosure?
These terms refer to the current owner of the property after the foreclosure.
REO: “Real Estate Owned” This is a term banks use to describe properties they have acquired after they go to auction.
HUD: “U.S. Department of Housing and Urban Development” HUD owns homes that were previously secured by an FHA loan.
VA Foreclosure: “Vetrans Administration” The VA owns homes that were previously secured by a VA backed loan.
Latest News for Nashville Foreclosures
Google News : U.S. : All
- More lower-priced homes hitting the market - Sun Sentinel
- More lower-priced homes hitting the market across South Florida - WPTV
- Aspen's $49.5 Million Peace Ranch Hits The Auction Block - Forbes
- Legacy Effect from the US Housing Market Smash-up - Daily Commercial News
- Nashville's housing market may not get healthier than it is now - Nashville Post (subscription) (blog)