AgentIndustry News

More loan servicers resorting to auctions

REO inventory quadrupled in two years
Published on May 21, 2008

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by CareyBot

Six out of 10 loan servicers are resorting to auctioning off real-estate owned properties, despite evidence that they may see bigger losses than if foreclosed homes are marketed and sold in a more traditional fashion, according to a report by ...

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