How is your May?

[Steve Metz]

1 order for me so far this month. This is the worst month ever for me in this business. How is everyone else doing?

 

[Greg Bell]

15 REO's..........

 

[nauthead]

Ditto Koolaid Man. I'm swamped with never occupied REO properties.

 

[Mike Kennedy]

rockin-n-rolling with legal orders.

 

[TJSum]

Usually this time of year the "spring market" is kicking into high gear, so far in 2008 the spring market is stuck in neutral. Short sales still are driving most markets...

 

[James R]

Got my first order for May yesterday.

 

[Chelley Bahner]

I'm not even getting REO work. Those seem to have died off too. My market must be in the midst of a swing. I seem to have plenty of orders when the market's really good or really bad. If it's in between, I don't see anything.

 

[Joker]

Worst spring ever for business. Best spring ever for farming.

 

[Alison Swain]

This month is sort of rockin'. April, however, was my worst month on record (7 years).

May so far = 3 purchase appraisals (none January 1 thru April 30). 2 listing appraisals. 1 FHA refi. Still have a few left of the estate package (11 income properties).

 

[Caterina Platt]

Chelley,

My experience is mirroring yours. I've been sitting here for months wondering where the REO business is going. BPO's?? Basement level fee newbies??

We're in a limbo state as well. I saw a large increase of foreclosure sales hit the legals in the paper at the end of April. I think the other shoe is finally about to drop in our market. I will hope we can look ahead to more REO work like our friends in other areas where the downturn is more advanced, although the effects that come with it aren't at all palletable, (sp?) are they?

This has been the slowest start to May that I've seen in about 6 or 7 years. Still OK, but it sure ain't my normal May volume.