I got a new REO today. Indirectly, from a BPO I did for a mill. And it's not a junker. It's not trashed. It's not out in the middle of nowhere or in a crack infested neigbhorhood. It's not even one of those beige middle class jobbers I can't seem to sell because the bank always wants more than they are worth. No, this is a GORGEOUS GORGEOUS million dollar plus home in an area where hardly anything comes on the market and when it does it is snapped up immediately.

The owners didn't even try to sell it before it went into foreclosure and actually had equity! I cannot figure out some people - maybe they were too proud to admit they had a financial problem?

Anyway, I am doing a very HAPPY REO dance today!

Congrats!

Sounds like you have a nice commission coming......

Way to go!

And now that you told us about it the REO gods are going to take revenge and get it reassigned. I'm just kidding. Congrats. It's just one of those things. Like counting commission on a sale before it closes. Then it doesn't close.

LOL, ColoBroker, I never, ever count a commission until it is safely in my bank account.

Congrats. Tell the REO Gods to take a looksee over here would ya?

Thats a nice catch.... is it vacant too? ;-)

NICE!!!
Beats my first $25,000 gutted reo auction!
But I did hear back from my 7 figure client that i thought dissapeared a year ago