Let me first start with introducing myself my name is Dave. I just graduated from the University of Maryland Robert H. Smith School of business and am currently looking for a job as my internship fell through..(lehman brothers) Anyways..I have not read the book but am a quick learner and have a strong real estate/investment banking background.
So here is my question, I live in maryland and am in a huge foreclosure market as I am 15 miles from Washington D.C. and about 30 miles from Baltimore. These are two epiceneters of foreclosures as they are major cities and I imagine the subprime boom in the late 90's and 2000's has left many of these communities decimated. So what I want to is to get into assigning these properties, however I have been reading through the forums and see that there are certain difficulties and challenges when seeking to assign reo properties.
What I want to know is what difficulties people have ran into?, why banks are hesitant on accepting assignments?, and solutions to circumvent the issues of assigning reo properties.