$50,000+ For A Lender to REO a Property?

This report released in May of 2008 by the Mortgage Broker's Association says that it costs about $50,000 for a Lender to REO a property and as much as 30-60% of the loan value. It makes you wonder why they don't put more effort in working toward approving Short Sales... Read more to find out:

Mortgage Banker Foreclosure Update

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Posted Sunday Oct 11

Matthew Rathbun ABR/M, SRS, e-PRO, SFR, GRI, SRES, Brkr
Coldwell Banker Elite

Matthew Rathbun ABR/M, SRS, e-PRO, SFR, GRI, SRES, Brkr: Real Estate Agent in Ladysmith, VA

Office: (540) 455-3350

Mobile: (540) 455-3350

Matthew Rathbun is a Virginia Licensed Broker and Director of Professional Development for Coldwell Banker Elite and former Director of Education for the Fredericksburg Area Association of REALTORS®.

Recent posts by Matthew Rathbun

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$50,000+ For A Lender to REO a Property?

Matthew Rathbun ABR/M, SRS, e-PRO, SFR, GRI, SRES, BrkrColdwell Banker Elite

Recent posts by Matthew Rathbun

Matthew Rathbun ABR/M, SRS, e-PRO, SFR, GRI, SRES, Brkr
Coldwell Banker Elite