Phoenix Lender Owned Update – September 7, 2011


In an ongoing effort to post consistent and timely real estate market updates, just below you’ll find an REO Market Snapshot from The Cromford Report, and my own short commentary afterward. This snapshot has been re-posted with permission by The Cromford Report.

And, just to make sure we’re all on the same page, when I say REO, I mean real estate owned properties, AKA foreclosures, lender owned homes, bank owned houses, et al.

When I posted my real estate update in August, I added more of my own commentary. For this REO property update, I’ll let the numbers speak for themselves, and invite you to post your own comments below! How do you think the lender owned market is affecting the greater residential resale market right now?

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About Doug Hill

Doug Hill is an Associate Broker with Coldwell Banker Residential Brokerage, and founded The Hill Group with his wife, Kirsten in 2003. Combined, they have helped over 1,000+ clients buy and sell homes in the Phoenix Metropolitan Area. Doug holds a Bachelor's Degree in Business Management & Economics, and is a Navy veteran. He is an active member of the Southeast Valley Regional Association of Realtors on their Professional Standards Board, and he and his wife have had the #1 team for Coldwell Banker in Arizona for multiple years in a row. He loves to read, travel, and spend time with his family and friends.
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