All Forum Posts by: Ted W

Thank you to all for the warm welcome!

-Ted

My short answer is that an REO purchase is neither good nor bad by definition. Each house ought to be judged on its own. I say this both as an investor who has purchased numerous REO, and as a current REO broker.
Over the years, I've participated as a principal in many great REO deals as well as those I wish I never bought. Having said that, there are cash investors actively purchasing/re-selling REO and doing quite well in this market.

Ted

Hi-
For the past 30 years, I've been involved in the foreclosure process and the RE it generates. About 2 years ago, I began the transition from my own purchase, renovation and sale activities in NY, CT and MD, to REO brokerage in the NYC area.

While my background is fairly extensive, I hope to learn as well as share my knowledge and experience.

Thanks,
Ted
NY REO Broker
NYS Certified RE Instructor