REO
SoCal.com is a dynamic foreclosure glossary and multi-database REO
property search. REO SoCal provides information from the major government REO
(Real Estate Owned) databases in addition to database information on pre - foreclosure,
(currently in default and trustee sale status). You can also subscribe to our foreclosure "Term of the Day " feature.
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Foreclosure
Term of the Day -
Entry and Possession
A method of foreclosure used in some states in which the lender, who already owns the property, reenters it and takes possession away from the borrower, either peacefully or by court order.