Drive any neighborhood..search for ‘notice of defaults’.. in the most major US metro areas and its clear there should be a ton of REOs for sale NOW…but, there isn’t.
Not yet, anyway.
The question is..why? Why aren’t there more REOs for sale now, why are the lenders delaying the release of these listings?
Watch this CNBC Video with RealtyTracs Rick Sharga to have that question answered.
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