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All Posts Tagged Tag: ‘REO’

REO’s Or Short Sales?

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What Side of the Fence are You On? Historically, a real estate owned tag indicated that a property was discounted. The explosion in the number of REOs became a great way for investors and consumers to purchase properties for a steal. However, this is not always the case anymore We have seen the news that last year’s home prices nationwide …

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If you are looking REO’s, Hold your Breath!

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Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency. The abrupt slowdown came in response to the OCC’s April release of minimum standards for foreclosure sales, which are usually the final act in the foreclosure process. Within two weeks …

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Foreclosure Inventory in Florida is 3 Times Higher than that of Non Judicial states!

Timelines

Lenders are embracing Short Sales over Foreclosure in sand states like Florida! A lot of it has to do with foreclosure time lines and whether you are in a judicial foreclosure state or a non judicial state. Foreclosure time lines in Florida a judicial state (taking a property through the judicial process from start to finish and selling it as an …

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REO’s VS Short Sales- Valuations are the Key!

 V A L U A T I O N   I S   C R I T I C A L Historically, a real estate owned tag indicated that a property was discounted. The explosion in the number of REOs in Daytona Beach became a great way for investors and consumers to purchase properties for a steal. However, this is not always …

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