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850246943 02/01 /2008 11 35 AM Pg 6Under section 501 (c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) The organization ma y have to use
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What is reo?
REO stands for Real Estate Owned and refers to properties that have been acquired by a lender through foreclosure.
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Lenders or financial institutions who have acquired properties through foreclosure are required to file REO.
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REO forms can typically be filled out electronically or manually, providing detailed information about the acquired property.
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The purpose of REO is to document and disclose information about properties acquired through foreclosure.
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Information such as property details, acquisition method, financial information, and marketing strategy must be reported on REO forms.
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