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when will we see an increase in REO inventory?

Posted by Henry Vega on February 13, 2012 at 2:28pm

What should we expect in the first quarter of 2012. We just heard the big news the banks settled with the federal goverment and have to pay money to some homeowners whom they foreclosed on. Does this mean they have green light to foreclose? Or is it more complicated than that? Also, we just heard more news on the robo- signing recently, the top 5 servicers have reached an agreement to settle for 25 billion dollars. Are the Reo flood gates about to open soon? We have yet to see. If anyone can add anything to this topic it would be greatly appreciated.

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Comments

  • Henry Vega February 15, 2012 at 5:06pm

    good to know, keep me posted, I am in Los Angeles County...

  • Marcy Moyer February 15, 2012 at 5:05pm

    Silicon Valley: Santa Clara and San Mateo Counties in northern CA

  • Henry Vega February 15, 2012 at 5:01pm

    @Lou, I agree, there's plenty of REO's coming still. They cannot possibly successfully complete all the short sales.

    @Mike, I respectfully disagree.

    @marcy, what are are you in??

  • Marcy Moyer February 15, 2012 at 4:57pm

    I agree with both of you sort of. Seems like most of the REOS are being sold in bulk and short sales dominate in my market place.

  • Lou Sanchez February 15, 2012 at 6:16am

    Investors are the (hedge funds) new REO!

  • Mike Linkenauger February 14, 2012 at 6:33pm

    You won't see an increase.  Everything is going short sale.

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