Good Day All,
"Economic dislocation resulting in increasing unemployment equals REO." 20 years heading up Freddie Mac and Fannie Mae's REO Divisions as VP taught me that formula. And it appears that the corona virus will make the formula work again. The economic shutdown has and will affect millions of small businesses and tens of millions of individuals negatively. I read that 7.5 million businesses with under 10 employees will fail. There is no magic wand that will "restart" the economy. Many people who lost their jobs will not find one to go back to. Foreclosures are coming.
As usual REO professionals will step forward to bring order to the housing market. At The REO Consultancy we have been helping REO brokers and agents develop their business since 2010. Hundreds of contacts at Lenders, Asset Management companies, Credit Unions, Regional Banks and evolving sources of REO are the strength of our program. We also take a very pro active approach working a Multi Channel Marketing Campaign to put your information directly in front of these contacts. Our clients give us a 4.6 out of 5 satisfaction level.