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.
By Joshua Dorkin updated October 10, 2014 Investor Financing & Creative REI. A new member to our real estate forums recently inquired about putting offers in on REO (Real Estate Owned) Properties. The property he was looking at was listed with an agent for 388,000. Upon doing some research, he found that the home had a 83,000 balance on the original mortgage.