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Deutsche Bank is a big global bank with its headquarters located in Germany. They operate globally and have a major presence in United States. They are a major mortgage lending bank with diverse functions such as underwriting, funding and servicing.

There was a rapid rise and a much rapid fall in the value of real estate across the country over the last 8 years. Home owners who were strapped with debt they couldn’t service with their income either due to job losses or mortgage payment adjustments eventually defaulted in record numbers. Florida and California along with Nevada and Arizona that lead the nation in the boom also lead in the bust. Foreclosure auctions, short sales became buzzwords during the crisis.

All the properties on which the borrower continuously fails to make monthly payments commonly end up at a foreclosure auction. Not all properties attract bids or exceed the reserve price of the mortgage bank or lender. Such repossessed properties make up the Deutsche Bank REO Inventory. Real estate investors and buyers can profit by buying Deutsche Bank REO properties. Good returns can be expected on the properties purchased through REO listings as they offer scope for property market value appreciation in the future, along with rental income.

The composition of the Deutsche Bank REO property listings on their website is predominantly single-family homes, along with a mixture of condos, multi-unit residential properties like duplexes, triplexes and fourplexs.

Deutsche Bank Owned Homes are usually priced to sell as these repossessed properties are treated as non-performing assets on their books. Foreclosure auction expenses, along with the loss of interest income due to the defaulted payments end up lowering bank’s revenue and profits. Moreover, these REO homes incur expenses for Deutsche Bank due to the necessary and mandatory property upkeep costs, deutsche bank reo agent listing fees and taxes. This acts as a primary motivating factor for the lenders while considering purchase contracts.

Most of the Deutsche Bank REO properties are sold through their approved REO listing agents. These agents are assigned properties according to the localities they serve. To become a Deutsche Bank REO listing agent once should contact the Deutsche REO asset management department, if the process is handled internally or contact the contracted external asset manager handling the default servicing process. It’s often difficult to get in contact with the asset managers through email or the net. It is advisable to persistent, while redialing the department’s phone number.

Eventually, the success of a REO property investor primarily depends on their ability to locate and make offers on REO homes, before their competition acts. The long term appreciation afforded by real estate is historically proven to be expected and sound. This is even more valid when it comes to buying REO properties from major banks such as Deutsche Bank, as they offer built-in equity right at home purchase.

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  1. […] Deutsche Bank Owned REO Homes […]

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