Real Estate Owned

Michael Carr and Associates, Inc was founded in nineteen ninety one by an entrepreneur from the outskirts of Atlanta, Georgia and over the past twenty years has grown to be a national leader in the REO business.  REO is the acronym used by bankers and real estate professionals that stands for REAL ESTATE OWNED.  Of course Real Estate Owned was a relatively obscure term until the residential housing market collapse of two thousand eight when  be Real Estate Owned came a household word.  Now through the media sensationalism and illumination of the “too big to fail” banking concept is Real Estate Owned synonymous with opportunity and investment.

 Back in nineteen ninety one banks and lending institutions would barely admit they had any REOs on the books, where as in two thousand eight the looming prospect of too many REOs had many banks scrambling to real estate auctions for help in the liquidation of their aging Real Estate Owned portfolio.  Supply and demand the always governing force in capitalism, dictated an urgency for investors large and small to step in with private funds and soak up the Real Estate Owned assets from a very unbalanced, balance sheet.  Hence forth the REOs have offer many investors very large profits. 

Michael Carr and Associates, Inc have been at the fore front of this fix since its partnership with auction giant Auction.com in two thousand six.  Since then Auction.com has auctioned off over one hundred seventy five thousand REOs and Michael Carr, President and CEO of Michael Carr and Associates, Inc has auctioned off close to forty thousand REOs and brokered well over half of the one hundred seventy thousand offered by Auction.com.  As well as brokerage and auction services Michael Carr and Associates, Inc offers one on one advice, brokerage, management, rehab, maintenance, tenant placement, and sales of Real Estate Owned assets either through the open residential housing market, auctions, trustee auctions, or directly from banks in need of liquidating their Real Estate Owned portfolio. 

The last decade has seen many changes in the way Real Estate Owned assets are handled and the opportunity is boundless.  Auction.com boasts the climate as the perfect storm of opportunity.  The ever increasing pressure the banks feel to liquidate their Real Estate Owned holdings equates to bigger and bigger profits for the investor willing to do the “due diligence” and pick the right Real Estate Owned asset for his or her portfolio.  Some of our investors “flip properties” while some of our investors buy REOs for their residential rental portfolio.  Even still some investors have built a good mixture of both to balance their holdings.  Michael Carr and Associates, Inc employees agents with investing in their heart and soul.  Agents continuing to study and stay current on the Real Estate Owned market.  Auctions have become more and more prevalent in their exposure to the general public just as Real Estate Owned has become a standardized description of bank owned property. 

As you might assume there is a sea of paperwork and market study associated with this and Michael Carr and Associates, Inc is determined to keep their investors current on the changes in the Real Estate Owned market.  As a national leader in the Real Estate Owned business Michael Carr is able to keep his finger on the pulse of the market helping each of our investors navigate to the most profitable opportunities Real Estate Owned assets can provide.  Real Estate Owned assets offer opportunity at nearly any price point providing the possibility for nearly anyone to be an investor.  We encourage you to take advantage of the Real Estate Owned market and become an investor in America’s future as well as your own.  The opportunities are boundless and with Michael Carr and Associates, Inc to help guide you will be on your way to financial freedom.  Call us today!