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Tracy is looking in the MLS and sees a listing marked "REO." Which of these statements regarding REOs is correct? - An REO property is one that the lender is trying to help the owner sell before beginning foreclosure proceedings. - Banks acquire REOs through failed foreclosure sales or deed in lieu of foreclosure actions. - REOs are properties that the lender has given permission to sell for less than the loan amount.- REOs refer to investment properties a bank owns.
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