JD Supra3y
Florida Court of Appeals Reverses Foreclosure of Reverse Mortgage by Expanding the Definition of “Borrower” to Include Surviving Spouse
Recently, the Florida Court of Appeals expanded the definition of “borrower ... After Mr. Smith died, the lender filed a judicial foreclosure action, and alleged that all conditions precedent ...
Investopedia2y
Real Estate Owned (REO) Definition, Advantages, and Disadvantages
What Is Real Estate Owned (REO)? The term real estate owned (REO) refers to a lender-owned property that is not sold at a foreclosure auction. Properties become REO when owners default and the ...