Are You Missing The REO Train of Opportunity??
With asset managers gearing up for the release of thousands of pre-foreclosure properties they will soon be busier than ever.
These are just a few for the National REO Statistics.
1,750,000 REO’s still have not been listed or placed in the market’s inventory
3,500,000 Mortgages are still currently in Default
15,000,000 Homes are under water or have negative equities
It is a real possibility that Short Sales will be assigned by the same methods as REO properties.
Keep in mind that the sales duration of REO properties is much quicker (10 weeks) than Short Sales (27 weeks). The managers know this and are willing to move these properties faster than ever before.
A few other stats below:
Distressed properties account for 46 percent
Short Sales account for the largest segment in November (17.5%)
Move-in ready REO’s account for 15% of the market
Damaged REO’s account for 13% of the market
Average Short Sale sold for $189.700
Average REO sold for $189,700
Average Damaged REO sold for $98,600
To take advantage of these low prices call us today, we are both Short Sale & Foreclosure Certified.
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