This report released in May of 2008 by the Mortgage Broker's Association says that it costs about $50,000 for a Lender to REO a property and as much as 30-60% of the loan value. It makes you wonder why they don't put more effort in working toward approving Short Sales... Read more to find out:
Mortgage Banker Foreclosure Update
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1 Comments on $50,000+ For A Lender to REO a Property?

OCT
11
117,746 Points 2 Featured Posts Outside Blog

somebody might want to send this to countrywide/ Bank of America and their 9+ month short sale process.
9:19pm • #1

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Matthew Rathbun ABR/M, SRS, e-PRO, SFR, GRI, SRES, Brkr

Fredericksburg, VA

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Coldwell Banker Elite

Address: Fredericksburg, VA, 22401

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Matthew Rathbun is a Virginia Licensed Broker and Director of Professional Development for Coldwell Banker Elite and former Director of Educationf or the Fredericksburg Area Association of REALTORS®. He has opened and managed real estate firms, as well as coached and mentored agents. As a Residential REALTOR®, Matthew was a reoccurring Top Producer and past REALTOR® Rookie of the Year.


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