If you are being told that the REO Market is history, think again. Take a look at this news story broacast late in 2008 about the who, what, when, where, and how of the next wave of loans that are about to recast and become the next Tsunmi of foreclosures. What is hard to believe is that this story ran at the end of 2008 and no one listened. This next batch of foreclosures is expected to be 25% larger than 2007 & 2008 combined!
Courtesy of CDAR/SRCAR
