Benefits of Membership:
-
Members pay reduced referral fees for business referred by NAREOB.
-
Premium members are listed first in the NAREOB directory, access 1.3 million commercial properties, Bulk Sale Investments and Special Financing Options.
-
On-line Directory.
-
Access to Major Lenders and 9 Government Agencies REO lists.
-
Member Forum.
-
Personalize Web page with detailed information on your REO expertise.
-
On-line Library of links to commercial, bulk sale and soon short sale information.
-
NAREOB Newsletters.
NAREOB Promotes:
- The expertise of our members.
- The consistent, high quality service provided by our members.
NAREOB is positioned to take advantage of the current situation which includes:
- 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%1),
- There are an estimated 688,000 REOs on the market today.
- Is is an estimated 1,500,000 REO’s 2 and
- Billions of dollars in soured commercial property loans are on the books today.
- Financial institutions and Investors need help to get their job done.
The Service is Simple
-
You advertise your services on NAREOB.com.
-
-
NAREOB Real Estate Directory and Referral Service™ matches qualified individuals and companies with the needs of Financial Institutions and Investors.
-
The Financial Institutions or Investors contacts you to discuss the assignment(s).
-
Start the process by selecting Membership Application, and begin enjoying the benefits of membership of this exclusive organization.
____________________________
1. Fitch Rating Ltd, a credit rating firm, focuses on the ‘cure rate’ for mortgages that were packaged into security. There finding include a cure rate of 6.6% for Prime Loans, 4.3% for Alt-A Loans, and 5.3% of the Subprime Loans. The study covered about 1.7 Trillion of mortgages or about 16% of all outstanding mortgage here in the US.
2. Barclays Capital projection.
