NAREOB Newsletter

Walter Barnes has some sombering thoughts:

• One in eight homeowners in the U.S.A. (12.5% of all households) is in default.
• The cure rate (the rate is the portion of delinquent loans that return to current payment status each month) on these homes is at an all time low (The average is 5.3%).
• There are an estimated 688,000 REOs on the market today.
• It is an estimated 1,500,000 REO’s by mid 2010.
•  Billions of dollars in soured commercial property loans are on the books today.
•  Financial institutions and investors need help to get the job done.

That’s where we come in.  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.