At the middle school level (grades 6-8), Chinese students attend just under 1,000 hours of school per year, a figure similar to that of most U.S. states. Just as with India, the data shows that Chinese students are not required to receive 25 to 30 percent more in-school instruction per year than U.S. students.
REO is an acronym for R eal E state O wned and is industry jargon for foreclosure property repossessed by banks or lenders. If a lender or bank is the highest bidder at a foreclosure auction â or if no third party bids at the auction â the property reverts back to the lender and becomes an REO. REOs are owned by banks. Lenders go to great lengths to sell REOs.
As a purchaser of an REO property, the buyer will receive a title insurance policy and the opportunity to investigate the property. A bank owned property might not be a great bargain. Do your homework before making an offer.