I have pulled this video out of my archives for you due to the expectations in REO this year and next. The timelines in the video have changed and market numbers ALWAYS shift but the PROCESSES here are extremely VALID!
So these mystical words have been whispered and rumored about for more than a year now, yet very few seem to understand their true meaning. Is "Shadow Inventory" some sort of hidden surplus of unwanted homes lurking in the deepest corners of the REO world ready to swoop in and cast a heavy dark cloud over the real estate market? Will it instantly suck home prices across the nation into the bowels of no-equity hell? Much like the "
In a nutshell, it's quite simple, and frankly, very good news for those of us in the REO business, selling foreclosures for banks. Watch this video and you'll see that we are merely in the eye of the REO storm, as it appears that the Shadow Inventory bubble is preparing to burst and provide us with opportunities to sell REO homes like never before. So, if you are a new REO agent, NOW is the time to get started with building your REO client relationships. If you're an established REO broker, Now is an even BETTER time to start strengthening your relationships with your REO asset managers.