Real estate blog entries tagged with reos by Thomas Cunningham Coastal Carolina Real Estate Connection (Buyers' Choice Realty)

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Home : Blogs : Thomas Cunningham Coastal Carolina Real Estate Connection : Coastal Carolina Blog : Tag "reos"

reos: The Landmines Within - 02/12/09 01:08 PM

This is Amazing information. Please read and re-blog.

Via Michael Tarabotto (Certified Appraiser) Santa Clarita, San Fernando, Westside (California Appraisal Solutions Corp.):
Conventional wisdom says that once a home has gone through foreclosure, the sooner it is listed and sold the quicker the lender will recover losses. This logic follows that expediency of the process maximizes a lender's recovery rate in areas where prices are rapidly falling, avoiding greater losses later.
Well, we'll soon find that what is in a lender's best interest often defies our most basic conventions.
More than a year ago I began pairing Realtytrac's foreclosure database against … (2 comments)

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