Amidst a Sea of Delinquent Mortgages

The Wall Street Journal highlights the paradox of a very tight REO market amidst a sea of delinquent mortgages.  NREV’s ability to purchase large numbers of quality REO single family properties on a negotiated basis with plenty of time to perform proper due diligence and to accept only properties that make financial sense is unique in a market characterized by excess demand, where buyers are often driven to purchase these assets on a “sight-unseen basis”.  This is one more instance where NREV has found a way to apply best real estate business practices in a challenging real estate market.

February 23, 2010 - Wall Street Journal