All Hands On Deck! Recently released findings from Fitch Ratings, indicate that 7 million homes are on the brink of foreclosure or already foreclosed and waiting to be marketed. Based on current sales trends this “shadow inventory” will take an estimated 40 Months to clear.
REO Industry Counter Effect on Neighborhoods
REO Professionals can play an essential role in managing and disposing the anticipated avalanche of assets because every foreclosure represents a “human tragedy”. When families suffer, neighborhoods, cities, states and our economy in general suffers. Read more