Archive for June, 2009
Ohio Funding to Cope with Effects of Bank REO PropertiesJune 4th, 2009
The city of Springfield in Ohio has received $2.27 million in federal funds to boost its programs to counter the effects of bank REO properties. The funding, made possible under the … More >>
Illinois: Saddled By the Weight of REO Property ListingsJune 3rd, 2009
Home inspectors have noticed an alarming trend in homes on REO property listings. Many of them have sustained extreme More >>
Ex-Countrywide Executives: Helping Reduce REO PropertiesJune 2nd, 2009
A company, run by former executives of Countrywide Financial, will try to clean up the housing mess which the lender helped create by purchasing and modifying loans to reduce the number of … More >>
Low Appraisals of Bank REO Properties by Real Estate AgentsJune 2nd, 2009
Real estate agents are known to perform broker price opinions (BPO) to give appraisals of properties. Because of this practice, lenders who want to quickly unload their bank REO properties … More >>
Investors Outbid Each Other Over REO Properties for SaleJune 1st, 2009
Just like in previous years, some homebuyers are still having difficulty finding REO properties for sale. Most of the time, they find a property to buy only to find out that they have been … More >>
