REOPro - Real Estate Default Professionals

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Just read a Press Release from DS News that should give us all hope. California, Florida and Arizona can't be far behind!

This Just Released According to DSNews - - -

Bank of America Paces Release of Shadow Inventory in Nevada

Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, about 500 a month, according to a local Las Vegas newspaper. The pent-up supply is part of that looming shadow inventory - a stock of distressed properties that have yet to hit the market because of banks' voluntary foreclosure moratoriums prior to the administration's Making Home Affordable program, complex modification evaluations, and lengthy short sale negotiations.

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Comment by Sara Mehrpouyan CDPE on January 22, 2010 at 1:34am
Dominique, did your local loan agent set you up for BOA reo's?
Comment by Dominique Vescuso on January 21, 2010 at 6:07pm
Had to interveiw with the BofA asset management manager. Here is Riverside County Ca they are not releasing anything yet. I do hope they hurry. The number use to be 37 now 3. None are new. It was who you know got appointment through another listing agent.
Comment by Mykel Martin on January 20, 2010 at 2:43pm
That is a good question. I am told that you have to sign up with First Preston. Does anyone else have a better answer.
Comment by MeLisa Minter on January 20, 2010 at 2:08pm
I hope they will do something here to. How do you become a BOA listing agent?
Comment by Steve Adkins on January 20, 2010 at 1:14pm
I wished they would hurry up and release some in the Atlanta area, we are at historic lows for available inventory!

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