Real estate blog entries tagged with freddie could take more than a decade to unload reo inventory by Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Short Sales (Keller Williams Realty mailto:jerry@jerrylarose.com )

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Home : Blogs : Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Short Sales : Orlando, Windermere, Winter Garden Florida Real Estate News Keller Williams Realty : Tag "freddie could take more than a decade to unload reo inventory"

freddie could take more than a decade to unload reo inventory: Freddie could take more than a decade to unload REO inventory - 01/24/12 09:58 AM

Freddie Mac vendors sold fewer REO properties in the third quarter than they did earlier in the year as nonperforming loans continue to climb. More than 25,300 repossessed homes held by Freddie Mac sold in the third quarter, down 13.5% from the nearly 30,000 in the previous three months. It was also a 17% decline from the record-setting 31,600 sold in the first quarter.
At the same time Freddie unloaded the 25,300 REO, it repossessed another 24,300 homes back into the inventory. At the end of the quarter, Freddie held 60,000 REO on its books, which has been trimmed — … (1 comments)

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Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Short Sales

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