auction: Could Auctions be the New REO Listing? - 02/06/09 10:37 AM
It's pretty evident that this flood of REO listings is not stopping anytime soon. With unemployment rising and the sheer magnitude of available inventory, we haven't even seen the begining.  Somehow these banks have to eliminate these properties from their books. They are in the business of lending money, not owning property. Letting a property sit vacant for a few years will only cause depreciation of value. What's the quickest way to sell property? Auction. 
Think about it. If banks would let their foreclosed properties go up for absolute auction as soon as possible, they would get a fair market price … (0 comments)

 
Joey Marino (Whipple Auction & Realty, Inc.)

Joey Marino

Canton, OH

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Whipple Auction & Realty, Inc.

Office: 330(477) 936-5333

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