Are You Missing The REO Train of Opportunity??

Real Estate Broker/Owner with Winston Realty, Inc. BK63078915


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.  

Missing the train with luggage

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.

Posted by

P. Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA

We service all of Palm Beach County and S. Florida


 513 N. Country Club Drive, Suite 200, Atlantis, FL 33462

Office: (561) 247-7376 - Fax: (561) 537-7223 - Cell: (561) 629-2660

Email: - Web: WinstonRealty


Search: Atlantis, Boca Raton, Lake Worth, Palm Beach Gardens,

South Palm Beach, West Palm Beach           




P Winston Heverly - Real Estate Agent


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Kay Van Kampen
RE/MAX Broker, RE/MAX Solutions - Springfield, MO
Realtor®, Springfield Mo Real Estate

If short sales start getting assigned like REO's, I might have a chance to get in the market.  I've never been able to break into the REO's after signing up for them.

Jan 08, 2012 03:19 PM #1
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