Tag Archives: REO

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

August 2023’s Foreclosure Market Report, curated by ATTOM Data, showed that there was a total of 33,952 residential real estate properties with foreclosure filings against them, a number that jumped 7% from July but decreased by 2% year-over-year.

While the need for more staff increases during a rise in foreclosure starts, during quieter times, it becomes economically unviable to maintain a large staff. Travis Britsch discusses how unpredictable variability poses a daunting challenge for trustees and attorneys.

Next week, the Five Star Institute and Brookstone Management will present a webinar discussing the topics of combating neighborhood blight, returning foreclosed properties to the market, and protecting property values. Tune in for in-depth insight and perspective from Brookstone, Fannie Mae, and U.S. Bank execs.

In the latest installment of the Five Star Webinar Series, Five Star and Brookstone Management will host a discussion about combating blight, returning foreclosed properties to the market, and protecting property values. Tune in for insights from Brookstone, Fannie Mae, and U.S. Bank.

From February 2020 to May 2022, investor purchases of single-family homes grew to 20.4% nationwide, but the investor share fell to 16.2% over the past year, as evolving market conditions continue to fuel a decline in investor participation.

In an upcoming webinar geared toward the REO market, a panel of experts will discuss the risks associated with squatters, and how to take the appropriate measures in addressing the problems they cause.

Auction.com has found that nearly one-third of distressed buyers surveyed expect home prices to decline in their local housing market in 2023, nearly double the 17% who expected home prices to decline in 2022.

Florida courts have seen a rise in equitable lien foreclosures in what appears to be an attempt to defraud “unsophisticated and unsuspecting third-party purchasers at foreclosure sales.”

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.