Articles Tagged with ''REO''

ServiceLink lures auction talent from RealtyBid

Welcomes Calier “CJ” Russell
In his new role, Russell will be responsible for internal operations as well overseeing ServiceLink Auction’s growing market share by supporting the company’s clients in their loss mitigation and disposition strategies, the company said in a statement.
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Wisconsin accuses rent-to-own operator Vision Property Management of harming consumers

State sues VPM over its “misleading and deceiving business practices”
The Wisconsin Department of Justice announced Monday that the state is suing Vision Property Management and its various affiliates for using “misleading and deceiving business practices to induce Wisconsin consumers to lease, rent, or purchase uninhabitable properties.” The lawsuit claims that VPM targeted low income consumers with predatory rent-to-own offers on “dilapidated” homes.
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Here's the best way to interpret the FHA's CWCOT program

An efficient way to move REO inventory back into the market
Every mortgage loan servicer knows the importance of moving REO back into the market efficiently. Even today, when REO inventory is dropping and the foreclosure crisis is behind us, it is still critically important that costs are reduced and loss severity limited during this process. Here's the pain point in the process.
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CoreLogic: Distressed sales keep falling

Drop in most states, including the oil markets
A new report shows that distressed sales continued to decline in all but seven states. At this rate of decline, the market is on track to see pre-crisis distressed sales numbers by the middle of 2017.
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Distressed property sales continue to drop

February REOs lowest since 2007
Distressed sales continue to drop across the U.S. Only nine states did not report a decrease in distressed sales for February, according to CoreLogic. In fact, one state’s distressed sales have decreased 59.8% since the peak in 2009.
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