Increase of REO assignments.

After a very busy spring and summer, our number of bank owned assignments decreased dramatically . In the last few weeks we have noticed a huge upsurge in assignments, and that the banks are pricing them to pull in multiple offers. Many trustee sales were postponed for months during attempted workouts and failed short sales, and the banks are starting to sell them again ( which usually results in them keeping them as REO and assigning them to a REO broker. We are being told there will be many more being released just after the first of the year. Researching on the Foreclosure Radar website it seems that there is not a shadow inventory, but just a huge number of sales postponed for months and months. We are looking forward to being busy selling these homes again.