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Bailout

: Calculated Risk

Jim the Realtor is assigned a "premium" REO

By Anonymous

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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:

Full post as published by Calculated Risk on February 06, 2011 (boomark / email).

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