Banking Failures & Their Impact On the Housing Market - Part 2 - The REO Dilemma
Eppraisal
APRIL 25, 2023
In the last post, we looked at how bank failures can lead investors to bonds which, subsequently, pressure mortgage lenders to lower their interest rates. Real estate owned (REO) properties are those that were once collateral to an active mortgage but were seized in foreclosure actions. How Does the REO Process Work?
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