How to Become an REO Agent: The Shadow Inventory The foreclosure crisis is incredible enough – already offering amazing opportunities for REO agents and brokers. But now there is finally some sunshine lighting up the so-called “shadow inventory” of foreclosure properties that have yet to be officially recorded or to become part of the massive amount of REO listings currently for sale all across America.
Posted: 2010-01-30
Category: Home & Family
More Government Action: More Property Preservation As more and more foreclosed homes are left vacant and in bureaucratic limbo, more and more neighborhoods and communities all across America are facing the health, safety and social hazards presented by these unsecured, uncared-for properties, which continue to deteriorate.
Posted: 2010-01-22
Category: Business
Property Preservation Pays Off For Florida County There is no doubt that Florida was one of the hardest-hit states by the housing crash of the past few years. Even now, one in four of all mortgages in the Sunshine State are either past due or in the foreclosure process. That’s why, back in March, Pasco County received almost twenty million dollars in Federal Neighborhood Stabilization Program funds to help deal with the record number of foreclosures.
Posted: 2010-01-20
Category: Home & Family
REO Listings Trends: Foreclosures If you’re interested in training to be an REO agent, now’s a good time to start. REO sales continue to dominate in many states
Posted: 2010-01-19
Category: Home & Family
Foreclosures: Taking Care of the Yard Work Agents and brokers for REO (Real Estate Owned) homes – unoccupied homes where the owners have been evicted due to mortgage default – are finding that if they don’t employ professional mortgage field service companies to deal with the outside as well as the inside of a property, the city may be sending them a pretty steep bill for lawn care. Hint: it’s going to cost a lot more than hiring a teenager for $5 an hour to mow the lawn!
The Importance of Property Preservation Knowledgeable real estate experts know that foreclosed properties are taking a long time to finally making their way back on the market – to transition to REO (Real Estate Owned) listings