REO portfolio Tag

Zombie Properties: Easy to spot, hard to kill and sucking the life out of properties around them

They may not be as terrifying as their horror-flick namesakes, but zombie homes—abandoned houses stuck in foreclosure with no owner living on site and no one taking care of the property—are terrifying enough to those who live or own property nearby. The abandoned houses drag...

Detecting and Avoiding Short Sale Fraud

Short sales are usually legitimate transactions that serve the interests of multiple honest parties, including lenders, borrowers and buyers.  But enter dishonest parties—sometimes with a cast of accomplices—and you have perfect recipe for fraud.  This fraud is common enough to generate its own name: flopping. A...