Has The REO Gravy Train Made It's Last Stop? - 06/10/12 08:52 PM
Has The REO Gravy Train Made It's Last Stop?

I ask you take a good look around your area at the REO listings.  We know how much of that market is Fannie Mae and Freddie Mac.  Both mortgage behemoths have taken to listing their foreclosure homes at or close to market value.  Gone are the fire sale days of picking up homes for pennies on the dollar.  Now true there are still many smaller investors/banks that are willing to cut their losses and dump their foreclosure properties but, that well is drying up also.  
I guess the revelation hit … (2 comments)

 
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