reo: Prices: Distressed and Non-Distressed Properties - 03/15/12 08:01 AM
According to the latest information available from the Realtors Confidence Index survey, the price discount for distressed property relative to non-distressed property is in the neighborhood of 15 to 20 percent. What does this mean for REALTORS®?
On average, non-distressed property is basically a different market from distressed sales. Many Realtors® have indicated that distressed properties are not meaningful comps. Realtors® have also mentioned that they caution clients interested in non-distressed properties not to expect the same level of discount to market as is the case for distressed properties.

  Jed Smith, Managing Director, Quantitative Research Jed Smith is Managing … (0 comments)

reo: Do You Know What You Are Signing When You Sign Fannie Mae's Addendum Re: Foreclosure Purchase? Buyers Beware! - 04/06/11 10:31 AM
Buyers do you realize that you are signing all your rights away when you sign Fannie Mae's Addendum to purchase a foreclosure property?  Make sure you read and fully understand what you are signing.
16. Representations and Warranties: The Purchaser represents and warrants to the Seller the following:
(a) The Purchaser is purchasing the Property solely in reliance on its own investigation and inspection of the
Property and not on any information, representation or warranty provided or to be provided by the Seller, its
servicers, representatives, brokers, employees, agents or assigns;
(b) Neither the Seller, nor its servicers, employees, representatives, brokers, agents … (7 comments)

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