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Written by:IHM Journal Editor2/16/2010 9:34 AM
The Commercial REO Brokers Association, (CREOBA) was formed to assist the Banks and Loan Servicers in selling their Foreclosed Commercial Properties. Ray McLaine, CREOBA President, pointed out that, “Last year 4.5 Billion Dollars in Commercial Real Estate was foreclosed by Banks. This year, that figure could reach $20 Billion with $200 Billion more to come in the next two years.” The Commercial REO Brokers Association is working with the Banks and Asset Management Companies to create "Standards of Service and Best Practices" between the Bank REO Departments and the Brokers that will be selling their foreclosed properties.
Visit CREOBA
IHM_Creoba Datasheet