BrokerageIndustry News

Latecomers must scramble for REO listings

Lenders have established ties to agents, brokers
Published on Jul 28, 2008

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by CareyBot

SAN FRANCISCO -- It may be too late in the game for real estate agents and brokers who haven't established relationships with asset managers and lenders that clear foreclosed properties from their books to get listings that way, says one California broker who's doing booming business in "REO" (real estate-owned) properties.

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