reo disposition: Hey, Is It My 31% OR Your 31% Of Those REOs? - 11/29/11 04:04 PM
In September of this year, there were roughly 800,000 homes that had been repossessed and still in inventory. Of those 800,000, approximately a quarter million were inventory for the federal goverment due to government backed mortgages through Fannie Mae or Freddie Mac. 
Said another way, 31% of Real Estate Owned (REO) properties were actually owned by US taxpayers. To me, this is an alarming number.
However, maybe even more alarming is the fact that the federal government issued a plea to you, yes you, to come up with a solution for handling and unloading the properties.  Possibly you saw the request, … (4 comments)