reo: REOs… A Diamond in the Rough… or a Nightmare!
- 07/21/08 04:53 AM
I am told by some lenders that the "new frontier" is nestled in REO properties. They say that foreclosure rates have opened a huge inventory in this sector and as a Realtor I should get more involved with them. I've researched this topic and have found it difficult to break in and get access to REO properties. Of course, there are sites out there that will gladly give me REO leads... for a price (and whether I get them or not.. and whether I sell them or not). At this point, I don't know how agents get them... but I'm still … (0 comments)
My blog will include a variety of items including Real Estate Shows for my listings as well as questions and items of interest. There are issues, we encounter on a daily basis and I am interested in getting your feedback to improve my information base and share your thoughts with others in our profession.
I am told by some lenders that the "new frontier" is nestled in REO properties. They say that foreclosure rates have opened a huge inventory in this sector and as a Realtor I should get more involved with them.
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