OCWEN Decides to auction off REO Inventory
OCWEN Asset management has recently informed many agents that in December they will be auctioning many properties in selected areas.
As you may remember , PAS/Wells Fargo recently held a auction of many of their properties with Williams & Williams auctions.
In the past ,when I have visited auctions for REO properties, many have sold above market value, and many have sold well below market value (Some at half market value). I’ve been told by various asset managers that the average market value return of a auction is 80%.
Be sure to watch Ocwen’s website (http://www.ocwen.com/) for more information
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Was this information written to you from Ocwen–that they will begin auctioning off their properties. How did you receive the information–word of mouth, email? Can I have a copy of the memo, email, sent to the email address: maumet52436@mypacks.net.
Kate