CNN just confirmed what we've been saying for the past month. Today they reported that Bank of America, Wells Fargo, Citibank, Chase and Ally Financial all expect a rise in foreclosures after a dip in February due to delays in foreclosure proceedings, adding that "the foreclosure pipeline was beginning to unclog" and they expect "a climb in the number of homes repossessed". (Source: CNN Money)
This news means more REO agents will be getting listings soon. How quickly or slowly the REOs are dripped on the open market is up to the banks, but one thing is for sure; they are coming! Find REO Agents.
Read the complete article on CNNMoney.com.