Monday, March 2, 2009

Sellers have a different set of Goals

Sellers have many motivations for selling. In the Bulk REO world the majority of the sellers have been moving through packages just like a speculator. I believe this period of transactions will cease soon.

The industry has the potential to create a bottom in the market by developing a buy and work through strategy. I think we will see more of these types of buyers in market this quarter.

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