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Over the weekend, I attended the REO conference in Ft. Worth, Texas. This conference was attended by real estate agents, lenders, servicers, and attorneys from all over the country. There were over 7,000 attendees for this conference.
This was my 2nd REO conference; the first was last year in Dallas. This year's conference was 2 days, Monday and Tuesday, with 90 minute classes each day on various topics ranging from REO 101 to classes for lenders and servicers.
We filled the Ft. Worth Convention Center and also had rooms in the Omni Hotel for many of the classes and the events. This venue worked well,
What did I learn? There was so much information that I'll be posting about what I learned for a long time. Experts are predicting we will have 2 more waves of REOs, lasting into 2011, with their predictable downward trending of prices. This will require more expertise from Realtors in handling our clients REO business and on advising clients and buyers accordingly.
What does this mean for our industry? Well, more on that at a later date.
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