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 […]
REO
Financial Benefits of Buying an REO
In this edition of Choice Home Mortgage CEO Greg Toussieng’s series sharing expert advice and guidance on REO listings, he discusses the financial benefits of buying an REO in 2023: In the first quarter of 2023, competition in the market continues to heat up. With no sight of immediate change in the home buying market, […]
What Qualifies as an REO Property?
The term “REO” is frequently used within the industry. But what does it represent and what role does a Mortgage Broker play in the REO process? Mortgage Loan Originator (MLO) Greg Toussieng explains: What is an REO Property? An REO is a lender-owned property. This ownership comes into effect when the homeowner defaults on their […]
