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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Term of the Day -
S and L
A financial institution that makes loans. Savings and Loans were originally set up to make home loans, but during the 1980s, deregulation allowed them to make commercial loans, as well.