Next REO Wave

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Real Estate Agent with Keller Williams VIP Properties

Inventory seems to be drying up and yet, there is so many NOD's being filed. When is this next wave coming??? I keep hearing May/June.

A REO agent with out any listings is like a painter without a paint brush.

-Kim

 

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Rainmaker
246,805
Julie A. Black
CLHMS, CRS, GRI, Realtor, Broker
KAUAI DREAMS REALTY Kauai Real Property Specialist

It will probably come in June when I take my vacation.

May 11, 2009 08:38 PM
Rainmaker
378,934
Regina P. Brown
e-Pro Realtor
California Coast & Country Homes, Inc.

Kim, don't worry, we will have foreclosures and short sales through 2010 at least... I've seen the stats of the 5-year ARM loans, most are coming due in 2010.

May 11, 2009 11:47 PM
Rainmaker
180,245
Cameron Wilson
The Short Guy - Murrieta,Temecula,Menifee California
Labrum Real Estate

I keep hearing it's coming but it sure hasn't started as of yet.

May 12, 2009 05:13 PM
Rainmaker
157,985
Rita Gibbons
The Gibbons Group
MacDoc Realty LLC

I suspect the banks will trickle the assets into the market.  I think we'll see these assets trickle a little faster into the market over the next few months, but I don't think the banks will flood the market like they did last year.

June 12, 2009 06:01 AM
Rainer
171,341
Paul Durry
Broker Associate, CDPE, CIAS, CHMS
RE/MAX Professionals

Rita, I think have hi the nail on the head. I know my market here had slowed down, but now my inventory has begun to build up again. I know here a lot of the investors are out looking for projects (properties that need repairs) to redo during this coming fall and winter. I have seen that the price categories/ ranges for many of the REO's have gone up. With a lot of the investors I am trying to get them to understand many people will not be able to buy (forclosures, and bankruptcies), but will have to have somewhere to live so why not lease these properties for the next 2-4 years.

September 16, 2009 05:44 PM
Anonymous
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Rainer
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KIM WHITE

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