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50 Ways to Leave Your REO

WASHINGTON DC 03.16.2017

CAPITAL MARKETS AND REAL ESTATE FINANCE

Investing in 2017, Hot Markets, and the Ever-Changing Capital Stack

Mark Hertz -- AIG Global Real Estate
Sujan Patel -- Colony NorthStar
Joe Carter -- Wells Fargo
50 Ways to Leave Your REO
50 Ways to Leave Your REO
As we pointed out yesterday, lenders are turning to brokers to help them unload Chicago-area REOs in a (hopefully) improving economy. But Attorneys' Title Guaranty Fund is betting that some lenders want to be rid of their unwanted properties in other ways, like auctions. (We hear Craigslist has an interesting audience.) Recently Attorneys' set up Auctions by ATG to auction residential and commercial REOs, short sales and other properties online or live. Auctions by ATG EVP Diana Peterson tells us that demand will be strong because properties can be sold in four to six weeks, close in 30 days or less, and sold "as is" with no warranties or contingencies.