Tag Archives: REOCON 2013: An update on short sale and REO trends

The nation turned a corner since entering a foreclosure crisis more than four years ago, analysts attending the 2013 REOCON Summit & Expo said Monday. Speaker Daren Blomquist, vice president of RealtyTrac, elaborated on 2012 short sale and REO trends when speaking to Realtors attending the conference in Dallas. Blomquist assured the crowd, saying “Our data does show that we’re past the [foreclosure] peak.” He then went on to reveal some startling statistics in regards to REO activity. More than 10 million REO starts and nearly 5 million REO completions […]