Tuesday 13 November 2012

Hudsonandmarshall

Hudsonandmarshall

Now, the new “guaranteed high return” investment vehicle is the buying and selling of REO’s.  The participants include professional investors, Realtors and ”noob’s” (used to describe a newbie who has unwarranted confidence in their knowledge and/or abilities). The sellers, typically GSE’s, banks and servicers, have contributed to the problem by hiring noob’s (I like this word) as liaisons between the Realtors and their companies sometimes referred to as “asset managers,” although in realty they are simply transaction coordinators.  Some of the sellers’ “asset managers” are dishonest. Since many of the “asset managers” make roughly $50,000 to $60,000 per year, a natural jealously has developed over time.  They are wittnessing investors “earn” $50,000 to $60,000 per month. They want their piece of the pie.  Many Realtors and buyers are happy to throw them a $500 to $2000 per successful transaction “incentive,” or so I have heard.

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall

Hudsonandmarshall




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