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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets?

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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. In addition to strengthening fair housing guidance for its vendors, Fannie Mae is increasing inspections of properties in majority minority areas, and “retooling” its quality control methodology.

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

You probably won’t be able to get an inspection of the inside of a property before bidding, as sales of foreclosure properties are often sold “as is.” Some auctions do allow interior inspections, so stick with those auctions if you fear buying a dilapidated and rundown property. Real-estate owned (REO) homes.

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Safety Tips for Appraising REO Properties

McKissock

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. It is a good idea to take another person along when inspecting REO properties.

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How Does Buying A Foreclosure Work? Take Our Hand, We’ll Walk You Through It

HomeLight

REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Finally, a third way to buy a foreclosure is through a real-estate owned, or REO, listing. Make sure to get a good inspection, and know what you’re getting yourself into!

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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. A “real estate owned,” or REO, home is one that’s owned by a bank. Buying a bank-owned home isn’t the same as buying a house from a private homeowner. What’s an REO home?

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