Foreclosure - Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. Typically, default is triggered when a borrower misses a specific number of monthly payments, but it can also happen when the borrower fails to meet other terms in the mortgage document.

REO (Real Estate Owned) -  Real estate owned (REO) properties are homes that have fallen under the ownership of a mortgage lender or investor, typically because the property failed to sell at auction. There are multiple reasons why this might happen, the biggest one being that the home went into foreclosure

Bank-Owned - Bank-owned property, also known as real estate owned (REO) property, is a designation given to properties that were not sold during a foreclosure sale, and thus are added to that foreclosing bank's inventory

Corporate owned -  It typically means it’s a foreclosure, or occasionally if a relocation company has bought someone’s home to facilitate their job transfer or new job. Some banks don’t like us to use “foreclosure” when marketing their properties, but most of those banks are OK with “corporate owned.”