REO Follow Up

Written by Jim the Realtor

April 5, 2025

A guy commented on an old REO video that was one of my favorites of all-time. I remember it not only because an ice-cream truck was featured in the video (like so many of my REO videos back in the day) but also because a neighbor busted my chops for parking on the sidewalk here.

As you can see above, we sold it for $183,000. The video has 8,800 views:

Invitation Homes bought it for $275,000 in 2013, and still owns it:

I guess you can say they have hit the housing ATM since!

1 Comment

  1. Shadash

    These are the type of “owners” we’re protecting by not allowing foreclosures.

    If/when this house loses value and they can’t refi cash out they’ll stop paying. The property will go back to the bank and the llc will file BK. If lawyers try to pierce the corporate veil the fraudsters will sell everything and move to Florida because it doesn’t alow repo of houses when owners are in BK and buy a mega mansion.

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