REMAX Distinctive

Real Estate Owned Foreclosures

Real Estate Owned Foreclosures

RE/MAX Distinctive is the current listing broker for the following Government Enterprises, Financial Institutions and Asset Management Companies:

Our Current Clients

Washington DC Housing Authority (DCHA)

Housing and Urban Development (HUD)

Residential Mortgage Services (RMS)

Shellpoint

Chronos Solutions

Pemco Limited

Opcity
 


Our Past Clients

Department of Justice US Marshall Services (USMS)

Federal Deposit Insurance Corporation (FDIC)

Freddie Mac (FHLMC)

Fannie Mae (FNMA)


What is REO (Real Estate Owned)?


REO refers to a home that the homeowner lost in foreclosure. If the lender who foreclosed on the home can't sell the property at a foreclosure auction, then the lender takes over ownership of the home. The lender then tries to sell the real estate-owned property to minimize their losses.


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