The best replacement for reo is foreclosure.

The best alternatives to reo are rated as following:
★★★★★  foreclosure
★★★★★  short sale
★★★★  bank owned
★★★  ppr
★★  oreo
★  provari
★  real estate owned
★  bpo
  economic reo
  geo
  auction
  vmod
  property preservation
  relo
  hud
  foreclosures

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No companions for reo have been suggested so far.
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Google Trends

Scale is based on the average worldwide traffic of reo in all years. Click on graph for more.
reo
foreclosure
short sale