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what is the difference between ppr and reo in real estate?

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what is the difference between ppr and reo in real estate?

Postby KernowLady014 » Sat Jan 30, 2010 7:28 pm

what is the difference between ppr and reo in real estate?

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what is the difference between ppr and reo in real estate?

Postby pai » Sun Jan 31, 2010 10:55 am

i have never heard of a ppr term, but reo usually refers to "real estate owned". A bank forecloses on a property, and said property is referred to as an "reo", meaning the bank is carrying the property on it's books and the bank currently owns the property. But i don't know what a ppr property is, maybe one in pre-foreclosure? Ask a bank, they may know.

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