Bank Owned Multiple Family Home for sale in Kahului. Parking: 360 square ft||Exterior material: Stucco, Roof type: Shake Shingle, Room count: 11, Stories: 1, Unit count: 1. Reo or REO is a term used in the United States to describe a class of property owned by a lender - typically a bank, government agency, or government loan insurer - after an unsuccessful sale at a foreclosure auction.