After a very busy spring and summer, our number of bank owned assignments decreased dramatically . In the last few weeks we have noticed a huge upsurge in assignments, and that the banks are pricing them to pull in multiple offers. Many trustee sales were postponed for months during attempted workouts and failed short sales, and the banks are starting to sell them again ( which usually results in them keeping them as REO and assigning them to a REO broker. We are being told there will be many more being released just after the first of the year. Researching on the Foreclosure Radar website it seems that there is not a shadow inventory, but just a huge number of sales postponed for months and months. We are looking forward to being busy selling these homes again.
RE/MAX Benchmark- Marty Remo-CDPE, E-Pro - Monroe, NY
HV Home Team
It's the low between Thanksgiving & New Years that I can do without. There is only so much planning that you can do for next year...bring it on!
Dec 13, 2009 09:46 AM
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate
Paul,
Congrats on the uptick in assignments. It's on my list to break into that market here. There are a couple of big boys in town who seem to get the bulk of that business.
Dec 13, 2009 09:48 AM
Marte Cliff Copywriting - Priest River, ID
Your real estate writer
Wouldn't it be fun if instead of foreclosures and short sales you were selling "normal" homes.
Dec 13, 2009 03:41 PM
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