Although it has been close before, this
latest quarterly data shows commercial portfolios now exceed 24% of the
total REO portfolio nationwide.
Lane Guide (Reno, NV) December 4, 2012 --
If you add in the Multi-Family (5+) properties, the total investment
property REO’s is over 27%.
Some reduction
is due to the decline in valuation in residential properties, which
actually lowers the dollar amount of REO’s the banks hold in disproportion
with the actual number of units.
Raw land and
construction foreclosures are still being carried in huge numbers in bank
portfolios, nearly reaching a third
of the total portfolio.
For more information on Lane Guide, visit www.laneguide.com
©2012
Lane Guide Lenders On Line, Inc. – All Rights Reserved.
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