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Strong Investment Home Sales Demonstrate Limited Need for Bulk REO Sales Program

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Mortgage Professional America | 02 Apr 2012, 11:35 AM Agree 0
Investment home purchases represented nearly one-third of all existing-home sales last year, according to a National Association of Realtors® report on second homes released today. This robust investment activity underscores the importance of limiting the government’s use of real estate owned (REO) bulk sales, as NAR recommended in a letter sent to regulators this week.
  • Stan Brody | | 02 Apr 2012, 04:41 PM Agree 0
    Duh.. what would one expect from the NAR!!! A an REO bulk sale program would eliminate
    99% of all brokers... errr order takers...

    But then again, the real answer to the housing crisis for Main Street... not Wall Street is a proper
    mortgage modification program... HARP2 is a joke...Unless directed at principle reduction, the Fed's proposed fines on another group proves nothing... and will be of no benefit to those who reuire assistance...
    of lenders will do zero to end the foreclosures and short sales...
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