NAREOB Newsletter

Walter Barnes has some sobering thoughts:

• Since the housing crisis took hold, 2.5 million homeowners have already lost their homes, and
• Another 6.3 million single family mortgages are past due or in foreclosure as of the end of March, 2011.
• It is projected that between 10 million and 13 million foreclosures will have occurred by the time this crisis abates.¹
• Foreclosure Inventory is at an All Time High.
• There are an estimated 688,000 REOs on the market today.
• More than $175 Billions of dollars of trouble commercial real estate related assets are on the books today and almost one Trillion dollars in loans coming due by the end of 2012.
•  Financial institutions need help to get the job done.

That’s where we come in.  We are America's oldest nationwide membership base REO disposition service having served the financial industry since 1987.  Whether Bulk Sale, Auction or Individual Resale, the National Association of REO Brokers can be of service.

Currently we offer two services, a unique Bulk Sale and “Off Market” Opportunity for large investors and a referral service for individual residential and commercial properties.  Select Bulk Sale Exchange to learn more about Bulk Sales and “Off Market” Opportunities.

Regarding the Referral Service, the National Association of REO Brokers, Inc. (NAREOB) has referred over 25,000 assignments to its members.  NAREOB Real Estate Directory and Referral Service™ matches qualified individuals and companies with financial institutions and investor needs. 

Simply select Directory to begin your search.  It is FREE.  If we do not have someone, log on Lender Services, select the referral service you want, fill in the form and we will find a qualified professional.