When a borrower forecloses on a home purchased with an FHA loan, that property becomes a unique type of REO. In this edition of Greg Toussieng’s series on REO listings, the CEO of Choice Home Mortgage explains what a HUD Home is. As Greg Toussieng explained in the debut of his REO listings blog series, […]
How to Find REO Listings in Your Area
In this edition of Broker and CEO of Choice Home Mortgage Greg Toussieng’s REO Listings Feature, the seasoned expert shares the top resources for finding an REO for purchase: So, you want to purchase an REO. As a seasoned Broker in the industry, Greg Toussieng certainly can understand why you would be interested in REO […]
What Qualifies as an REO Property?
The term “REO” is frequently used within the industry. But what does it represent and what role does a Mortgage Broker play in the REO process? Mortgage Loan Originator (MLO) Greg Toussieng explains: What is an REO Property? An REO is a lender-owned property. This ownership comes into effect when the homeowner defaults on their […]