find reo properties, bulk reo As the residential market begins to stabilize, at least this is what a local friend who works at real estate firm in the LA area said, there is still no short supply of people interested to find REO properties. As you read in the post below there are a lot of people banking off bulk REO purchases. Even those who are buying single properties are clearing a hefty profit margin in long term projections. What my agent friend said is those who have some disposable income, time to patiently wait through a close and a little bit of investing knowledge can really add some valuable assets to a portfolio.

The truth is people are still defaulting on property loans, banks are still trying to dump bulk REO portfolios and deals are available in every city in the country. It may not be happening in such large residential numbers as earlier in the year but it is still happening. My advice for those interested in going on the hunt to find REO properties is talk to a respected real estate agent in the area, maybe someone in the REO division of a lender or a well informed investor.