I received an interesting call today from one of my lender contacts. The discussion covered when the next wave of REO properties would be really coming to market. I was informed that many of the banks holding REO's will need to change their accounting reporting and will actually have to show their non-performing assest on their books. They are also taking this time to clean out their Realt Estate Agent data base. The agents that were not performing to their standards will be removed from their list. So get your applications in and get ready for the next wave expected to begin arriving in the begining of the third quarter of 2010.