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wamu owned properties: WaMu is now offering its REOs on-line - 10/25/08 07:03 PM
Washington Mutual is now offering its REOs on-line
WaMu has finally figured out that in order to get of its huge inventory of 40,000 bank owned properties (second largest behind only Countrywide HomeLoans' approximately 58,000 properties), it needs to reach out directly to the public by advertising on-line rather than have its broker network take care of it. 
It may have to do with the fact that WaMu is now part of JP Morgan Chase, that all of a sudden there is an urgency to sell the bank owned properties.  Maybe before the takeover, there was a sense of "ifwe do notlet … (1 comments)

 

Jona "The REO Man" from Kona

Manhattan Beach, CA

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