Posts from December 24th, 2010

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Crye-Leike inks deal-to hike short sales - Memphis Business Journal

December 24th, 2010 by Anonymous

Crye-Leike Inc. has signed an exclusive agreement with a firm that specializes in facilitating residential short sales in a move to capture a bigger piece of that growing market.

Insight Securities Inc., dba Insight Short Sales, is a year-old firm that came to the attention of Crye-Leike's executive team after helping its brokers in Little Rock and Northwest Arkansas facilitate some deals, says Crye-Leike's Steve Brown, executive vice president and general manager, Memphis Region.

The number of short sales nationally has been largely stagnant the last few years, making up about half of all distressed sales, but Brown believes with the right education and technical assistance, short sales could be hot for the next couple of years.

Brown says an informal polling of Crye-Leike agents found that many were turning down listings because the seller was upside down on his mortgage, that is, owed more than th...

Click Here to Read More...

Categories: Crye-Leike in the News

Tags: Foreclosures, REO