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Government Bailout Effect on Bulk REOs
4 posts by 4 users
Dawn V.Real Estate InvestorCommack, New York 
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I was just wondering what people's opinions were on how the bailout is going to affect bulk REO portfolio deals? Any thoughts? |
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Jeff T.Real Estate InvestorFort Myers, FL 
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What do you think? People spending money that is not there own to bail others out....... 
An investor can not keep up with that. With that said, these are "little clubs" that dump and spin assets. some will not be part of the "club" |
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Christopher L.Real Estate ConsultantLittle Town, Oklahoma 
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Our sole entity that markets reasonable assets is Fannie. They still need to release product no matter what the Fed is doing. Lehman lost their ability to control their books so they're out. Goldman has a stick so far up their backside it's not funny.....80's for junk! Hahahahaha!!! CSFB is failing at every DD effort. Morgan and Merrill are still peddling a stationary bike. Deutsche is strife with assets but we are just creating a relationship there so we're juggling chainsaws, UBS is into waiting as almost everyone else is as well, Just hang on... |
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Henry E.Real Estate BrokerCovina, California
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I think the federal government is going to give the REO properties to each state and let them deal with the boarded up homes. Seem like with our local government 2 years waiting for section people I am sure they will get those property occupied real quick. They will probably wait a couple years as they usually have term agreement with owner for a 5 year term then sell for the appreciated value. One would think the local city want to change from boarded up vacant homes to occupied properties’. |
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Posted: 09/22/2008 at 08:07PM
