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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!