What's the latest? Here in AZ, they haven't foreclosed on anyone in over 6 months. Since the moratorium last year, it's been DEAD. We've had a few trickle in (maybe 1 a month), but that's it.I'm hearing different stories out there... the head of the REO Division is saying that the REOs are coming VERY SOON, and us REO Agents will be SLAMMED (I HOPE SO!). Another source tells me that they are giving us Agents LESS REO's per Agent, but hiring more agents to spread it out. Lastly- an Asset Manager told me that the word WAS that they weren't expecting to release more REOs until August, which means we won't have them until mid-September. He then said (in a whisper) that the rumors are they might be bumping it up to June-July, and slowly start releasing them a little at a time.Have you guys heard anything at all? When do you think we can expect to see more released?
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