REO

Former REO Broker: Let the Foreclosures Roll 

We’re starting to see some sanity appear in the financial press regarding the nation’s housing mess — even if only in the op-ed sections. This past weekend, a must-read opinion piece from former REO broker Ramsey Su in the Wall Street Journal makes the argument that has long been made here at HousingWire: the foreclosure process exists for a reason. No different than the emerging sense among some in the banking community that we should allow the bankruptcy process to do what it was set up to do.