The REO (Real Estate Owned) to Rental Industry is about to explode with an onslought of reposessed homes turning into rental property. Here’s the story from CNBC News… Questions or comments about this video, or any story on our site? Just use the comment link below to contact us.
Lenders Improving Foreclosure Quality
Real estate investors have been renovating properties for years in order to sell them more quickly and at a higher price point. Banks, on the other hand, have tended to let their REO properties remain largely “as-is” when they market them whenever possible. Now, however, with so much competition for buyers, many lenders are “sprucing […]