Lender-Foreclose Properties Listed in New Magazine
R.E.O. Publishing Inc., 350 N. Azusa Ave., West Covina, has begun publishing “R.E.O. Publishing Weekly,” a list of lender foreclosed properties in Southern California.
Each property profile lists the opening bid amount--the balance owed the lender on the loan at the time of foreclosure--as well as data on the property, according to Joyce A. Shepard, president of the firm. “R.E.O.” is financial jargon for “real estate owned.”
Shepard said that subscribers may contact the lenders listed for prices and terms or contact R.E.O. Publishing for negotiating services and title information through Safeco Title Co.
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