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Will REO Inventory Finally Pick Up? - 02/07/12 01:17 PM
I read the article below, this may explain the excessive drop in REO listings in NY. Perhaps once these settlements are comlete things can finally get back to normal. We need to clear out the backlog of REO properties before this market will stabilize.
From HousingWire:
More than 40 states to sign foreclosure settlement
More than 40 states will sign a settlement with the top-five mortgage servicers over alleged foreclosure abuses that arose more than one year ago, Iowa Attorney General Tom Miller said in a statement Monday night.
Last week, Miller extended the deadline to Monday for states wanting to … (1 comments)

 
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Curt Darragh

Poughkeepsie, NY

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Legacy Land & Homes, LLC

Address: 23 Orchard Park, Poughkeepsie, NY, 12603

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