REOMAC President Ivan Choi Discusses “5 Million Unit Foreclosure Backlog” At Skip Schenker’s “Sell More Homes With Renovation Loans” Seminar On March 10 (Video)

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REOMAC President Ivan Choi talks about the difficulty of submitting offers properties in the current market. He stated that there are about “five to seven million units that are in backlog and foreclosure that will come to the market as REO”. Buyers will be more difficult to come by and sellers will be very open to FHA 203k Renovation financing and other owner-occupant renovation financing.   

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