Yahoo Foreclosure
Foreclosure REO’S and PPR’s what is the difference and meaning of the 2?
Does anyone know the meaning of PPR when it comes to foreclosure or real estate. I know that REO is real estate owned. But ppr is nothing I can find on google or yahoo and need an answer for a quiz. Please help? thanks much!
T
I believe it has something to do with Property Preservation.
REO does mean Real Estate Owned and to the avg person they may go “whaaa?” But that means it is owned by a bank after a foreclosure.
You will see this in a sale where on the contract is says CORPORATE OWNED. or BANK OWNED.
The REO market is growing, even with the temporary foreclosure hold-offs. Obama is not going to save everyone like they thought.
He’s only stemming the tide.
I hope that helps…..
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CoreLogic powers foreclosure listings for Yahoo! Real Estate.(TechNewz): An article from: Mortgage Banking $9.95 This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on August 1, 2010. The length of the article is 371 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: CoreLogic powers fo… |
