REO Newsletter

One characteristic of the real estate industry is that the profession is always changing. Real estate agents must remain flexible in order to survive the ups and downs of the industry, and if the economic down turn hasn’t forced real estate agents to do anything else, it’s pushed them to utilize alternatives and exercise creativity. Many real estate agents are employing technology to increase exposure or operating solely in niche markets to survive the storm shadowing the real estate industry.

Since inception The Home Affordable Modification Program (HAMP) has received much backlash from its overachieving promise from the Obama administration to help prevent foreclosure for 3 to 4 million homeowners across the country.

With nearly 8 million home owners currently delinquent on their mortgages and the government’s HAMP program projected to only secure 35 percent to 45 percent of the promised 4 million permanent loan modification offers this year, distressed homeowners and mortgage loan servicers have to execute alternative methods in order to quell losses on both ends. This is where loss mitigation efforts step in.

After the housing industry crash took a domino-effect toll on the national economic crisis, many sources, including the Obama Administration stepped in to combat and mitigate the amount of growing mortgage delinquencies. The primary method of mitigation efforts has been mortgage loan modifications, with the forerunner being the Treasury Department’s Home Affordable Modification Program (HAMP).

Read on to get the scoop on what lies ahead for REO.

Hi everyone! 

Many of you have been asking what I think 2010 has in store for the REO industry.  In this article I give you my insight for the coming year. 

Hey guys!  I thought I would write a brief article taking a look back at the REO industry in 2009. 

Little good, a lot of bad and tons of ugly...  but as an REO broker we appreciate it for the beast that it is. 

Here's to 2010 - may it be a blessed and prosperous year!