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Updated over 12 years ago,
What can REO holders do better or offer buyers?
Sounds like a simple enough question, but with many complications. I'd like to hear your ideas on what banks, the GSEs and FHA could be doing better in order to unload their REO inventories (faster and while taking reasonable losses [i.e. selling them all for $0.99 does not count]) and get the for sale market back to working order again (or somewhere close to it)
Could they have better marketing strategies? Offer owner-occupants or investors better incentives? Be clearer on terms/procedures?
Just curious to hear what everyone thinks, especially since so many of us here are the ones with acutal feet on the ground, and not our heads in Washington, buried in a book of academia