REOPro - Real Estate Default Professionals

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when will we see an increase in REO inventory?

What should we expect in the first quarter of 2012. We just heard the big news the banks settled with the federal goverment and have to pay money to some homeowners whom they foreclosed on. Does this mean they have green light to foreclose? Or is it more complicated than that? Also, we just heard more news on the robo- signing recently, the top 5 servicers have reached an agreement to settle for 25 billion dollars. Are the Reo flood gates about to open soon? We have yet to see. If anyone can add anything to this topic it would be greatly appreciated.

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Comment by Henry Vega on February 27, 2012 at 1:30pm

What accounts are keeping you busy Jack?

Comment by Jack Wolf on February 27, 2012 at 1:27pm

Yes we have been busy since Super Bowl Monday (1st day of spring season in Real Estate)

Comment by Henry Vega on February 27, 2012 at 1:12pm

Awesome, Thank you!!! Please keep us posted, wish you much success.

Comment by Henry Vega on February 27, 2012 at 12:51pm

Thank you Justine. What part of the country are you in?

Comment by Henry Vega on February 21, 2012 at 12:30pm

Lou, do you know of any hedge fund companies worth pursuing?

@jack, it seemd that way, maybe after elections??

Comment by Jack Wolf on February 21, 2012 at 12:28pm

it seems that everything's lined up to explode

Comment by Henry Vega on February 16, 2012 at 2:02pm

THANKS FOR THE INFORMTION.

Comment by Marcy Moyer on February 16, 2012 at 1:13pm

San Mateo County: 130 short sales and 56 REOs currently active

Santa Clara County: 299 short sales 137 REOs currently active

Comment by Henry Vega on February 16, 2012 at 11:54am

@Jose, thank you for those stats. Which one is Mike's company? I would be interested in learning more about it. Please advise.

Comment by Jose Rivas (DGRA) CDPE, SFR on February 16, 2012 at 7:37am

in Baltimore County there are currently 88 REO active and 497 active short sales. By the way, I am going to a listing appointment today from a lead from Mike's company.

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