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You can find REO properties by searching RealtyTrac’s listings, or you may be able to compare properties on a bank’s website. For example, Bank of America and Wells Fargo each have an online ...
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 ...
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 ...
Marion Osher. Herbert Sandler (November 16, 1931 – June 5, 2019) [1] was a co-CEO (with his wife, Marion Sandler) of Golden West Financial Corporation and World Savings Bank. He died on June 4, 2019, at the age of 87. [2] Golden West Financial's lending practices had Time magazine include Sandler and his wife Marion in their list of the "25 ...
What is an REO? REO stands for Real Estate Owned. It is actually short for Other Real Estate Owned (OREO), but that may have been too confusing with the cookie. ... (a bank, government agency or ...
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