Globella Blog San Diego Real Estate Blog written by Exclusive Buyer's Broker, Justin Gramm.

Frequently Asked Questions - Home Buying

FAQ - What is an REO? What does REO mean? - REO Definition

REO Foreclosures in San DiegoIf you're thinking of buying a home or condominium in San Diego County, you may be seeing the term "REO" all over the place. What exactly is an REO property? What does "REO" stand for?

"REO" stands for "Real Estate Owned." More precisely, "REO" is real estate owned by a bank or institution. You might also know it as a bank-owned property or bank-owned foreclosure. An REO is a different animal when it comes to the purchase process. Before buying a bank-owned foreclosure (REO) in San Diego, do your research and learn all the factors that could affect you, the home buyer.

Read Also: Four Things You Must Know Before Buying San Diego Foreclosures

Read Also: FAQ: How long does it take to buy a San Diego Foreclosure?

Read Also: "Buying Short Sales in San Diego:" The Short Sale Guide for San Diego Home Buyers


Justin Gramm is the founder and principal broker of Globella Buyers Realty, your San Diego Exclusive Buyer Brokerage. He also writes this blog, "For San Diego Home Buyers."

Exclusive Buyer Agents do not list homes for sale and never represent sellers. They have no "inventory" to try to sell you. They can represent you in purchasing any home. They are specialists at representing buyers only on the buyers' side of the transaction. Exclusive Buyer Agents work to get buyers the best price and terms when they buy a home.

If you have excellent credit and plan to buy a home or condo in San Diego County within 90 days, contact Justin Gramm to hire an agent on your side of the transaction. Call Justin at (858) 437-2662 or  E-mail.


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