[quote=SD Realtor]Lets try to make sure we have the basic understanding of servicing the loan verses owning it okay?
Most loans are OWNED by investors. Most entities such as banks service them. Yes some banks do own portfolios as well. However understanding the basics is a good start. So to imply the big banks are holding bank cazillions of homes is an incorrect statement.[/quote]
I’m guessing all the people on a RE forum know the difference.
I’m guessing most also assume “banks” can be extended to any financial institution holding mortgages and that they all may have similar reasons for holding off selling REOs 🙂
