REO and PPR

I am trying to get work cleaning up foreclosed properties.  In almost every vendor application, there is a question, "What is the difference is an REO and a PPR?"
I have spent hours trying to find out about this.  This best I can determine is that maybe a PPR is a property that has not yet been auctioned off, still in the foreclosure process.  Or, is it a property that has been foreclosed on but is now owned by HUD?  This is really frustrating!  Can you tell me what PPR stand for?
Thanks so much for your time!

Sal OLiveira

New Jersey

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Replies

  • Sal did you find out? I still don't know.
  • Personal Peroperty Report
  • I believe PPR stands either for Property Preservation and Restoration or Property Preservation and Renovation.
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