Let me first start with introducing myself my name is Dave. I just graduated from the University of Maryland Robert H. Smith School of business and am currently looking for a job as my internship fell through..(lehman brothers) Anyways..I have not read the book but am a quick learner and have a strong real estate/investment banking background.
So here is my question, I live in maryland and am in a huge foreclosure market as I am 15 miles from Washington D.C. and about 30 miles from Baltimore. These are two epiceneters of foreclosures as they are major cities and I imagine the subprime boom in the late 90's and 2000's has left many of these communities decimated. So what I want to is to get into assigning these properties, however I have been reading through the forums and see that there are certain difficulties and challenges when seeking to assign reo properties.
What I want to know is what difficulties people have ran into?, why banks are hesitant on accepting assignments?, and solutions to circumvent the issues of assigning reo properties.
Let me first start with introducing myself my name is Dave. I just graduated from the University of Maryland Robert H. Smith School of business and am currently looking for a job as my internship fell through..(lehman brothers) Anyways..I have not read the book but am a quick learner and have a strong real estate/investment banking background.
So here is my question, I live in maryland and am in a huge foreclosure market as I am 15 miles from Washington D.C. and about 30 miles from Baltimore. These are two epiceneters of foreclosures as they are major cities and I imagine the subprime boom in the late 90's and 2000's has left many of these communities decimated. So what I want to is to get into assigning these properties, however I have been reading through the forums and see that there are certain difficulties and challenges when seeking to assign reo properties.
What I want to know is what difficulties people have ran into?, why banks are hesitant on accepting assignments?, and solutions to circumvent the issues of assigning reo properties.