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2. Bank-owned properties: What are they and where can I ... - AOL

   www.aol.com/finance/bank-owned-properties-where...

   A home becomes a bank-owned property after the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned or REO homes, REO ...

3. Golden West Financial - Wikipedia

   en.wikipedia.org/wiki/Golden_West_Financial

   Golden West Savings and Loan Association was purchased in 1963 for $4 million by Herbert Sandler and Marion Sandler, through their newly created corporation, Golden West Financial. Some of the capital for the acquisition came from bank loans, with the balance coming from Marion's family money. [2] Marion Sandler, a former Wall Street analyst ...

4. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...

5. Real estate mortgage investment conduit - Wikipedia

   en.wikipedia.org/wiki/Real_estate_mortgage...

   A real estate mortgage investment conduit (REMIC) is "an entity that holds a fixed pool of mortgages and issues multiple classes of interests in itself to investors" under U.S. Federal income tax law and is "treated like a partnership for Federal income tax purposes with its income passed through to its interest holders". [1][2] REMICs are used ...

6. What Is an REO? - AOL

   www.aol.com/news/2013-03-15-reo-bank-owned-home.html

   By Diana Olick REO is one of those terms that you hear a lot lately but can't quite place. And for people of a certain age, it calls to mind a certain 1970s and '80s rock band. Alas, that's not ...

7. WSFS Bank - Wikipedia

   en.wikipedia.org/wiki/WSFS_Bank

   Its primary subsidiary, WSFS Bank, a federal savings bank, is the largest and longest-standing locally managed bank and trust company headquartered in Delaware and the Greater Delaware Valley. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Virginia (1 ...