If so that is impressive. I wonder if they have total REOs for areas over time. Just wondering. if the method is as you describe they would be picking up as well property owned by investors in mortgaged backed securities (for they are no owned by banks as they were securitised). In that case it is ‘real estate owned ‘ by banks and other financial investors.
On their method, as described by you, just because it is ‘Reo’ does not mean it is all on the market, and the proportion of REO on the market is a key factor. I guess Reos on the market is not tracked by anyone?
