Reo
Reo Listings: The Pig in the Python by Frank Patrick
The first three months of 2010 featured a record number of foreclosures, even as many economic experts claim the recession is over.
RealtyTrac Inc. reported that the number of homes in the REO pipeline jumped 35 percent from the first quarter of 2009. More homes became REO properties than in any other quarter since at least January of 2005, when RealtyTrac first began reporting foreclosure figures. In all, more than 900,000 homes received foreclosure notices, or one in every 138 homes.