Saturday, February 05, 2011

Jim the Realtor is assigned a "premium" REO

by Calculated Risk on 2/05/2011 11:01:00 PM

Jim posted two videos on REOs tonight.

One video shows some mid-to-high end REOs hitting the market. I'm familiar with the REO at 4:13 in the linked video - I looked at this one (4,543' backs to golf course with slight ocean view). Sold at auction for $945,000 no takers - well below other recent sales in the area! Jim thinks there will be REOs coming on the market this year.

And the second video is pretty funny: