Why many REOs aren’t selling

Mood of the Market
Published on May 11, 2009

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by CareyBot

I'm a real estate broker and attorney. I put myself through grad school, in part, as a probation officer. So, guess which career made me start carrying a vat of hand sanitizer in my car? It sure wasn't working with criminals!

As the numbers of REOs on the market has steadily increased, so has the amount of sheer filth my clients and I encounter on a daily basis. In fact, most of my clients have developed a bizarre (but sensible) Pavlovian response: When my thumb presses the little doors that slide open the middle console in my car, they hold up their open palms to receive their ration of alcohol gel.