Across the United States, more and more markets are seeing a major increase in the amount of properties that are reaching foreclosure. REO Broker Greg Toussieng shares an update on the status of the market and how this is actually good news for buyers interested in purchasing REO properties: In a recent Quarterly U.S. Foreclosure […]
Why to Purchase an REO Property in 2023
The housing market is red hot in the first quarter of 2023. Prospective homebuyers and investors alike are growing more and more competitive across the country. REO Broker and CEO of Choice Home Mortgage Greg Toussieng shares why purchasing an REO property is the right idea in 2023: In a post-pandemic economy, many of the […]
What is a HUD Home?
When a borrower forecloses on a home purchased with an FHA loan, that property becomes a unique type of REO. In this edition of Greg Toussieng’s series on REO listings, the CEO of Choice Home Mortgage explains what a HUD Home is. As Greg Toussieng explained in the debut of his REO listings blog series, […]