Easy Property Selling

I don’t think any lender would just hold them. This will all play out in waves. This time of year things slow down anyway, then you have the holidays. You may see more after the first of the year.

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Because of the Housing Crash and tighter lending practices. Plus ERA Pacesetters is shutting down in Nashville. ERA pacesetters was one of the top Real Estate Companies selling in Nashville. Terry Deslems (sp) was with ERA Pacesetters, and he was one of if not the top seller of Real Estate in Nashville.

The Recession also is a Major factor for the down turn in REO Sales.

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Have you called the asset manager(s) to inquire? Have you been timely on your reporting and monthly obligations? Most REO managers rely on a scoring system to rate and rank brokers for assignments and reassignments. If you missed a deadline for a MMA or have turned in a BPO or report late, it might have affected your ranking or score. Here in Michigan, they are still coming in steady. I recommend making some phone calls and simply ask if you are still in good standing…they will tell you…. and while you have them on the line…ask for any new assignments. If they have none available, offer to do some FREE second BPO’s to “butter them up”… good luck.

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Quick and Simple Answer!
Yes Reo’s have slowed and noted will come to a Major Slump real soon. Reason being is the Bail Out meaning Mortgage companies are on a Rise in doing Mortgage Re-modifications to Save the homeowners their property’s.

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