OKAY - I just used that name to draw attention. REO Speedwagon are a 70s band that I grew up with.
I love trendspotting and thought we might enjoy a creative challenge. So here's the drill: Come up with trend names for items and activities surrounding REOs. Below are a few I've used recently...
REOnly... This is used to describe Buyers who are only interested in viewing REO/Bank Owned properties.
REOhMy... An adjective used to describe the dismal state of many of these REO properties. Yup, I'm sure you've seen some of the photos. Also referred to as OHREO!
REOPRO...OK, that's us!
REOhab... An REO property that qualifies for a 203K rehab loan.
Cmon, use the creative side of your brain for awhile. I'd love to see what other trendnames you all come up with!