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Since 2010, our REO inventory and profit margins have decreased year over year and the amount of work required as well as the scrutiny by the Lender/AM has increased significantly.
In order to maximize the brokerage profitability on our REO listings we need to sell more of our own REO and/or convert more sign calls and buyer leads into sales on other properties. Easier said then done, but we are going to figure it out in 2015!!
What are you struggling with in your REO Business?