CNN Reports a 'rising tide' of foreclosures ahead

By
Education & Training with Browning Real Estate School/REO Institute

REO, CNN just confirmed what the REO Institute has saying for the 60 days. Today they reported that Bank of America, Wells Fargo, Citibank, Chase and Ally Financial all expect a rise in foreclosures after a dip in February due to delays in foreclosure proceedings, adding that "the foreclosure pipeline was beginning to unclog" and they expect "a climb in the number of homes repossessed". (Source: CNN Money)!

CNNMoney.com

Posted by

James A. Browning MRE, CIPS, CDEI, REOCertified®, CEC, BPOR, ShortSaleCertified®, SFR

NAR, ABR, REBAC, CAR, CREOBA, REO Institute, National Speaker/Educator

CEO, Founder, REO Institute

Author, Best Selling: BPO & REO Simplified, "How to Work With Asset Managers"!

Office: 303-465-2889

Cell: 303-668-7053

Fax: 303-465-3778

Re1agent@aol.com

www.BrowningRealEstateSchool.com

www.REOInstituteColorado.com

 

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Topic:
ActiveRain Community
Location:
New Jersey
Groups:
Technology
Southern California Real Estate Forum
Short Sale Specialists & Pre-Foreclosure Education
Texas Real Estate
Short Sales and Forclosures ONLY
Tags:
bpo
home repossessed
reo release
foreclosure
ssc
short sale certified national designation
reo institute
reo certified national designation

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Rainmaker
13,465
Mark Antonowsky
Keller Williams Arizona Realty

I think the REO institute is trying to beat a dead horse.... The real estate recovery in Arizona HAS BEGUN! Maricopa County Notice of Trustee Sale are at a 5 year low! See this graph via www.marksky.com!

 

March 20, 2012 07:45 AM
Anonymous #7
Anonymous
Kenneth Pettingill

 

It’s part of the plan that Fannie/Freddie/Fed Reserve & Goldman want.  It's called the billionaires club. These 20 or so super hedge funds will buy direct from the Government the wave of defaults.  Regular Americans will not so much.  These investors get to buy at .45 on the dollar in huge pools, book at FMV and wow...what a great profit subsidized by the American taxpayer!  Oh, did I mention FOREIGN investors are also part of this club????

Real Estate is still very much broken and unscrupulous from the top all the way down the ladder. 

March 20, 2012 08:01 AM
Rainer
2,077
Cindy Grossman
Realty Executives, Valley Properties

 I'm out here in So. Cal. working everyday with homeowners we are seeing more and more looking 
at short sales. Now it would be great if all the lenders would make the process smoother so we don't have an even bigger backlog that then leads to foreclosures, empty houses, neglected pools and property and even lower property values!

 
March 22, 2012 10:21 AM
Rainmaker
153,018
James A. Browning
MRE REOCertified(R) SSCertified
Browning Real Estate School/REO Institute

Short sales will be increasing, don't you like th one point of contact for the Short Sale Transaction??

March 22, 2012 10:41 AM
Rainmaker
153,018
James A. Browning
MRE REOCertified(R) SSCertified
Browning Real Estate School/REO Institute

Mark Antonowsky (Keller Williams Integrity First Realty) Hello Mark, I did not write the CCN/Money report!! Do not shot the messenger! I have been though 3 distressed markets, do not be so SURE that AZ is out of the woods completely???

March 25, 2012 04:34 PM
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Rainmaker
153,018

James A. Browning

MRE REOCertified(R) SSCertified
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