Send CathInfo's owner Matthew a gift from his Amazon wish list:
https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

« previous next »
Pages: 1 ... 8 9 [10]

Author Topic: Son Struggling to Maintain Employment  (Read 14837 times)

0 Members and 1 Guest are viewing this topic.

Online Ladislaus

  • Supporter
Re: Son Struggling to Maintain Employment
« Reply #45 on: May 16, 2024, 05:20:47 PM »
Quote from: Änσnymσus on May 16, 2024, 05:10:02 PM
Is that real estate owned by REO Speedwagon? Never heard the acronym REO in any other context.

I believe it stands for "Real Estate Owned", referring to properties that do not sell after foreclosure, so the bank retains ownership, and has to maintain it to some extent to maintain its value.
Logged

Änσnymσus

  • Guest
Re: Son Struggling to Maintain Employment
« Reply #46 on: May 17, 2024, 08:49:16 AM »
Quote from: Ladislaus on May 16, 2024, 05:20:47 PM
I believe it stands for "Real Estate Owned", referring to properties that do not sell after foreclosure, so the bank retains ownership, and has to maintain it to some extent to maintain its value.
This is correct.  Many of these properties have fallen into blight and not only are they unattractive but some of them are unsafe.  He seems to be learning a lot and enjoying the freedom.
Logged

Offline Gray2023

  • Supporter
Re: Son Struggling to Maintain Employment
« Reply #47 on: May 17, 2024, 06:32:40 PM »
Good news!! Thank you for the update.  Continued prayers for his success.
Logged

Änσnymσus

  • Guest
Re: Son Struggling to Maintain Employment
« Reply #48 on: May 18, 2024, 12:47:58 PM »
He just had to find his niche.  Most young people do!   
Logged
Pages: 1 ... 8 9 [10]
« previous next »