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Reo home is the name that is giving to a piece of real estate that the financial institution took possession of due to repossession, they then attempted to market the building on the public auction style and the property did not offer. When this occurs the financial institution goes into recovery mode with the home. Their major objective is to damage also with the real estate. The need to resolve go and damage also is just what makes a reo the best option for the very first time fin. The loan that you minimize getting the building will certainly offer you money to do add-ons and repairs making your house worth also much more.