Pre-Sale & REO Properties Market Overviews

In today’s mortgage market, the inventory of homes going to pre-sale and subsequently to REO is at an all time high. The predicted tsunami of homes likely to go into foreclosure over the next 18 – 24 months will only exacerbate the current inventory problem. Furthermore, the time to turn an REO property is taking longer, making vacant homes and their related issues an even larger problem to manage.

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