Can someone explain, how – Piggington's Econo-Almanac

May 8, 2007 at 11:36 AM #52081

Participant

Can someone explain, how long will the lender keep an REO? Does this allow them to pump up their $$ solvency if they have this on their books at the high appraised value? When is it unprofitable for the lender to hold onto an REO?