El Segundo, CA – July 11, 2011 – (RealEstateRama) — Partner Engineering and Science, Inc. reports increasing activity in due diligence for sales of REO and non performing loans by banks, announced company President Joe Derhake.
This significant jump in activity is yet another indication that the market appears to have bottomed, says Derhake. Many lenders kept these assets on balance sheet for fear of taking losses in a declining market. The increase in REO sales suggests that the brighter tomorrow that both lenders and opportunistic investors have been waiting for may have finally dawned
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