Representing banks as the seller.

Has anyone else that has banks utilizing you to sell their reo inventory, an increase in the rumors many more assets are coming in January 2011.
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December 24 2010 - Santa Clarita

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Profile picture for So Cal Agent

I have been approached by Chase in regards to bulk sales... This is a much better method for them, homeowners and keeping values up in the communities.

Using this method, binding ugly houses with the great ones keeps the bank from getting stuck with a bunch of worthless inventory.
 

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December 24 2010
Profile picture for remaxtony
The way I see it is the banks have received the bailout from the Fed in order to make sure that they don't unload properties at a rate that will collapse the home values any further.  It is in all of our best interest to have the REO's released at the time and price that will allowed them to be absorbed by the current buyer's demand pace.
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December 24 2010
Nothing along the lines of that from the banks that we work with.

I do, however, have information on a huge number of adjustable rate loans that will be converting in 2011.
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December 25 2010
 
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