Stutz Contemporary is a real estate organization that specializes in the sale of residential and commercial properties. The company is based in Indianapolis, Indiana and has been in business since 1978. The company's name is derived from the Stutz Motor Car Company, which was founded by Harry C. Stutz in 1911. REO is an acronym for Real Estate Owned, which is a term used to describe a property that is owned by a lender or bank as a result of foreclosure.