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Tag Archives: REO properties

Shrinking REO Inventory Drives Down Cash Sales Share

At their peak in January 2011, cash sales accounted for nearly half of all residential home sales in the United States (46.5 percent). Since then, that percentage has steadily declined; in August 2015, it was reported at 31.7 percent, less than one-third of all home sales—a decline of more than 3 percentage points from August 2014, when it was 34.9 percent.

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Top Mortgage Banking Execs Convene for Inaugural Five Star Alternative Disposition Forum

Topics of discussions included whether short sales are still relevant, whether or not to sell occupied properties, claims without certificate of title, resolving the "hold bucket," determining the right disposition strategy for the property, the impact of prolonged sales cycles on the community, what to evaluate when considering a property repair, and what can be done to expedite the foreclosure process on vacant and abandoned properties.

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