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REO isn't Over and I have the Proof.

Posted by Jesus (Jesse) Gonzalez on November 5, 2013 at 9:35am

I have written articles on the drought of REOs and many of you are experiencing the drought personally and have shifted your business but, make no mistake, it isn't because foreclosures have slowed, stopped or the economy is getting better. In fact, most of these banks are moving their REO inventories off their books to hedge funds, bulk portfolio buyers or even worse, shell companies like (fill in the blank) which then dispose of the property directly. Don't believe me? Well, here ya go, read this!

 

http://www.inman.com/wire/share-of-unlisted-vacant-homes-hits-highest-level-in-13-years/

 

Now, after reading that inman.com news article, tell me how great this economy is.

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Posted by Jesus (Jesse) Gonzalez

Jesse Gonzalez is a highly accomplished and respected real estate professional with a wealth of experience in the industry. With a career over 15 years, Jesse has established himself as a leading real estate sales and marketing expert.

As a licensed real estate agent since 2005 and a broker since 2008, Jesse has a comprehensive understanding of the complexities of the market. In 2013, he founded his firm, Liberty House Realty, LLC demonstrating his entrepreneurial spirit and commitment to delivering exceptional service to his clients.

Jesse's expertise extends beyond traditional real estate transactions. He obtained his Registered Appraisal Trainee in 2019, providing him with valuable insights into property valuation and market analysis. Although he decided to focus primarily on sales, his appraisal background gives him a unique advantage in understanding the intricacies of property values and trends.

With a dedication to excellence, Jesse consistently achieves outstanding results for his clients. Last year alone, he closed over $20 million in sales and received the prestigious Sapphire Award from his local association, recognizing his exceptional achievements in the industry.

Beyond his successful career in real estate, Jesse is passionate about education and personal growth. He is completing his undergraduate degree in Forensic Psychology, with plans to attend Law School in the fall of 2024. Jesse's ambition is to become a real estate litigator, focusing on real estate consumer protection law and advocating for the rights and interests of homebuyers and sellers.

As the owner/operator of the nation's largest social network for REO professionals, <a href="http://www.REOProNetwork.com">www.REOProNetwork.com</a>, Jesse has positioned himself as a thought leader and industry influencer. Through this platform, he fosters collaboration and knowledge-sharing among REO agents, attorneys, asset management firms, and other professionals in the field.

With a commitment to professionalism, integrity, and providing a personalized experience for his clients, Jesse Gonzalez is a trusted advisor and a driving force in the real estate industry. Whether assisting clients with buying or selling properties, he consistently goes above and beyond to exceed expectations and ensure successful outcomes.

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Comments

  • GerryPagano December 10, 2013 at 6:03pm

    Yes im seeing the hedge funds are buying REO ....Which that leads me to search for hedge for REO...Any one know how to search for the Hedge funds that are buying REO?

  • Thomas Bohlmann November 10, 2013 at 5:33am

     

    Jesse

     

    This very true.  I see this all the time in and around North Carolina.

    Several Investors and myself have attempted to buy many of these defaulted and vacant homes for CASH, but no luck.

    All we seem to get is the so called "facilitator" who want a signed ND agreement and Proof of funds before they send us properties to look at. 

    Not a chance. 

     

    Still looking to buy properties in bulk,  We have the CASH, but the properties must have a clear title ( Special Warranty Deed) and vacant. Otherwise, we might go as High as 30 cents on the dollar.

     

    Show us the properties and we will show you the cash.

     

    Tom

     

     

     

     

     

  • Valencia Walker November 6, 2013 at 9:21am

    Seeing a lot of this.  There are a couple of Hedge funds buying at the courthouse steps here.  They renovate and rent.

  • Nicole Johnson November 5, 2013 at 3:40pm

    Yeah, several large hedge funds are buying up the homes in bulk, rehabbing and renting them.

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