Remove Bankruptcy Remove Banks Remove Real-estate owned
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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon.

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Distressed Property: What It Is And How To Invest

AAOA

These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. Other specialized real estate platforms can also offer valuable leads.