An insider’s look at REO properties

When REO specialist Frank DeNovi receives a new property from one of his client lenders, he often has little more to go on than an address and the name of its previous owner. He generally doesn’t know whether the property is occupied or anything about its condition.

In this video segment from a longer interview about REO properties, Frank talks about how he and his REO team approaches a new property, and discusses the surprising fact that more and more properties are being placed into habitable condition by lenders rather than sold “as is.”