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REO Boom: How to Manage, List, and Cash in on Bank-Owned Properties: An Insiders' Guide for Real Estate Agents by Tim Shah, Aram Shah

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[APPENDIX I]

Monthly Marketing Report (MMR) Template

REO ID: XX

PROPERTY ADDRESS: XX

XX DAYS FROM LISTING

Quick Summary

There are XX properties actively for sale in the same building (XX) as subject (ranging from XX). Moreover, there are XX other REO comparable listings within one mile of subject property (see addendum A). Of the XX active listings, XX are REOs and XX are short sales. Subject property has been listed for XX days and has difficulty selling because there are short sales in the same building listed for much less than the subject property.

The current listing price is $XX and in our opinion is over-priced relative to comparable as shown below:

Active Listings

Address List Price Sq. Feet differential Days on Market REO
1234 MAIN ...

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