$50,000+ For A Lender to REO a Property?

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Managing Real Estate Broker with Coldwell Banker Elite
This report released in May of 2008 by the Mortgage Broker's Association says that it costs about $50,000 for a Lender to REO a property and as much as 30-60% of the loan value. It makes you wonder why they don't put more effort in working toward approving Short Sales... Read more to find out:
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Matthew Rathbun, Executive Vice President

ABR, ABRM, AHWD, CDPE, CRB, CRS, ePRO, GREEN, GRI, SFR, SRS

Coldwell Banker Elite | Fredericksburg, Virginia  | 540.455.3350 |MatthewRathbun.com

Licensed Broker in Virginia | License: 0225194543 | Notary Public | More Info: Icon.me

Text "matthew" to 87778 to get the Coldwell Banker Elite Home and Lifestyle App

 

 

 

 

 

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Topic:
Mortgage / Finance
Location:
Virginia Caroline County Ladysmith
Tags:
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Rainmaker
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Mike Russell
Mike Russell & Associates - Overland Park, KS
Overland Park Kansas Real Estate

somebody might want to send this to countrywide/ Bank of America and their 9+ month short sale process.

Oct 11, 2009 02:19 PM #1
Anonymous
Melissa Stewart

I knew the price was up there, but wow! That is something! Good info Matt, thanks for keeping us updated!

Dec 21, 2009 05:54 AM #2
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Rainer
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Matthew Rathbun

ABR/M, CRB, CRS, SRS, ePRO, SFR, GRI
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