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Submitted by Mykel on Monday, 3 November 2008No Comment
As a previous Asset Manager, I’ve managed hundreds of assets in my inventory. I have a working knowledge of REO Policies, Procedures and Practices. Benefit from the hands on corporate REO experience and knowledge I have gained by having the unique advantage of being exposed to this dynamic industry from both sides of the perspective . . . As an REO Asset Manager and as an REO Agent. (909) 476-9600
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REO is an abbreviation for a Real Estate Owned property. REOs and FORECLOSUREs are not the same thing. However, an REO is only produced as a result of a foreclosure where the lender has repossessed the property to re-sell.
Welcome to So California’s Inland Empire; Known as “The IE,” to locals. Find local and regional news, market conditions, and homes for sale; stay informed about issues that affect the San Bernardino / Riverside county economy.
Loss Mitigation is used to describe a third party assisting in the process of negotiation between a homeowner and their lender. Loss Mitigation works to negotiate terms for the homeowner that prevents foreclosure.
A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff less than the balance due on the loan typically executed to prevent foreclosure, but may or may not involve a property in foreclosure.
Gov. Arnold Schwarzenegger bans all foreclosure consultants, including loan modification firms and attorneys who specialize in loan mods, from asking for any upfront fees.
On October 11, 2009, Governor Schwarzenegger signed Senate Bill 94 (Calderon), and …
If you’ve been passing up homes that require repairs, there’s renewed interest in the 203(k) FHA loan program that lets qualifying candidates borrow a single loan with a 3.5 percent down payment to cover both …
Yesterday HUD Secretary, Shaun Donovan announced that they will temporarily remove the 90-day restriction on flipping properties. This change in policy will take effect on February 1, 2010 and is effective for one year. There …
Times are certainly tough for sellers right now. And you probably won’t sell your house for the amount you would like. The best strategy for now would be to stay put and wait out the …
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