Where Are All The REOs?

[Tony Nguyen]

Hey guys,

Since Sept/Oct last year, the foreclosure activity has really slowed down here in Central FL. The courthouse auctions went from 150 sales per day to around 25. The main stream auctions have released less properties as well. I was just wondering if you guys in other markets are experiencing the same thing or no?

This is kind of a good thing for us personally though, b/c due to this lack of new inventory, we started marketing to equity sellers via direct mail, bandit signs, etc... Gotta keep moving!

Thanks for any input :D