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If you are looking for discounted real estate, you wont find it in the Bank REO market, as inventory is on a steady decline. In fact, yesterday Corelogic reported that Bank REO sales have declined to 4.3% of real estate sales. This marks a steady decline from 2011 when REO’s made up 30% of all sales.

Here is why this trend will continue: Bank regulations.

Banks can face severe financial penalties, in the form of increased cash reserved accounts, when they reach a certain percentage of non-performing assets on there books. To avoid those penalties, banks need to get the non-performing assets off their books.

To get non-performing assets off their books, banks can either foreclose, or bundle up the assets and sell them at an auction. Foreclosure is expensive and takes a long period of time while a non-performing loan sale can be completed in a month or two.

This is why we have record numbers of non-performing loan sales.

Kevin Shortle
Director Of Training And Research at NoteSchool
As a Director of Training and Research for Eddie Speed’s NoteSchool, Kevin has spent years collaborating with Eddie to produce presentations that both entertain and captivate audiences. Their depth of fully researched and sourced information combined with their daily hands-on experience will have attendees re-examining their current focus and efforts while compelling them to seek more information and to take action.

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