REOs on the Rise!

ForeclosureS.com, one of the most recognized authorities in foreclosure statistics is reporting that REOs are up more than 70% in the first quarter of 2008. This number comes as no surprise to those of in the real estate business.  We expect for the number of REOs to rise over the next few months as more and more of the ARM loans reset and home owners are unable to meet the new adjusted mortgage payment, refinance their homes or sell the home quickly for an equitable rate.  
 
This large amount of REO property entering the market is potentially a once in a lifetime opportunity for investors who are looking to make a long term investment in the real estate market.  If you are interested in positioning yourself with valued real estate for bargain prices you need to take a look at what the REO market has to offer. 
 
In all areas of real estate it is important to have the right professional representing your interests; this is especially true in the REO market.  Banks and lenders are reticent to release their property holdings list to the public.  If you aren't working with the proper professional who has access to this inside information you can lose valuable time and information.  We are the leaders in the Los Angeles REO market, contact our office and ensure that you are working with the highest caliber professionals in the business.