Are You Missing The REO Train of Opportunity??

By
Real Estate Broker/Owner with Winston Realty, Inc. BK63078915

 

Are You Missing The REO Train of Opportunity??

With asset managers gearing up for the release of thousands of pre-foreclosure properties they will soon be busier than ever.  



Missing the train with luggage



These are just a few for the National REO Statistics.

1,750,000 REO’s still have not been listed or placed in the market’s inventory

3,500,000 Mortgages are still currently in Default  

15,000,000 Homes are under water or have negative equities

It is a real possibility that Short Sales will be assigned by the same methods as REO properties.

Keep in mind that the sales duration of REO properties is much quicker (10 weeks) than Short Sales (27 weeks). The managers know this and are willing to move these properties faster than ever before.

A few other stats below:

Distressed properties account for 46 percent

Short Sales account for the largest segment in November  (17.5%)

Move-in ready REO’s account for 15% of the market     

Damaged REO’s account for 13% of the market

Average Short Sale sold for $189.700

Average REO sold for $189,700

Average Damaged REO sold for $98,600

 

To take advantage of these low prices call us today, we are both Short Sale & Foreclosure Certified.


Posted by

P. Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA

We service all of Palm Beach County and S. Florida

 

 513 N. Country Club Drive, Suite 200, Atlantis, FL 33462

Office: (561) 247-7376 - Fax: (561) 537-7223 - Cell: (561) 629-2660

Email: PWH@WinstonRealty.co - Web: WinstonRealty

 

Search: Atlantis, Boca Raton, Lake Worth, Palm Beach Gardens,

South Palm Beach, West Palm Beach           

 

                      

              

P Winston Heverly - Real Estate Agent

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Florida Palm Beach County
Groups:
Active Rain Newbies
Real Estate Rookie
The Art Of Marketing You
Tags:
short sale information

Comments 1 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
680,343
Kay Van Kampen
Realtor®, Springfield Mo Real Estate
RE/MAX Broker, RE/MAX Solutions

If short sales start getting assigned like REO's, I might have a chance to get in the market.  I've never been able to break into the REO's after signing up for them.

January 08, 2012 11:19 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
705,731

Winston Heverly

GRI, ABR, SFR, CDPE, CIAS, PA
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information