It appears that REO business is up again from last year. Are others experiencing this same event in your markets? As an REO Broker is our business changing? Not seeing it in Twin Cities yet. Historically REO brokers listed property on the MLS did a sign and spent the rest of their resources (aka money and time) dealing with property management functions. I see a large group of new agents getting REO business and simply doing the same old REO broker tricks- nothing. It is now time to change REO business. REO brokers need to take calls from agents, REO brokers need to market listings, REO brokers need to do what they were hired to do. It is great to see so many new agents get into REO business.  It will make this old broker unhappy if you just do more of the same. It is now time to change REO business. Anyone agree?

 

Trying to Sale a Home in the Foreclosure Redemption Period
01/26/2009
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In the past year I have had several referrals to list a home that is in foreclosure. In MN homeowners have a 180 day redemption period in which they can attempt to sale their home. In both cases these homeowners have had equity in these homes but… more
 

Barry Cavalancia

Wayzata, MN

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Realty Executives Associates

Address: 810 Lake Street E Suite 270, Wayzata, MN , 55391

Office Phone: (952) 767-5300 x 5302

Cell Phone: (612) 990-6375

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