单词 | non-REO foreclosure |
释义 | non-REO foreclosureDefinition A type of property in which the foreclosure process has been successfully completed. This type of property is purchased by a buyer who is willing and able to pay the amount that is owed by the original purchaser to the lender. The purchaser may also be able to negotiate a lesser price for the property provided that the lender is willing to agree to this. |
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