I wish I could post in leisure because it was just too funny, but would get kicked out for sure.
In fairness, when the meltdown was occurring and foreclosures were just beginning, I don't think many realtors new what an REO was. They were just not that common. I was at a realtor meeting back then and the Association president asked how many actually handled an REO. One person raised their hand and the rest (including me) had puzzled looks on their faces.
But that was 12 years ago and many, many thousands lost their homes since then.
Not posting for politics, just for a laugh...
http://www.cbsnews.com/news/ben-carson-oreo-at-hud-hearing-housing-secretary-ben-carson-confuses-real-estate-term-reo-with-oreo/
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