An article from Realtor Magazine Online, reports that selling foreclosed properties isn't easy. It can mean taking responsibility for cleaning the property up, paying past-due utility bills and providing security in certain neighborhoods. Agents have found that it takes considerable volume to make money selling REO properties. For example, two agents from Boston have sold 85 properties totally $16.2 million. They expect to net less than $100,000 each.
http://www.realtor.org/rmodaily.nsf/pages/News2008102106
http://www.realtor.org/rmodaily.nsf/pages/News2008102106
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