|As you may know, Lord and Stanley Realty concentrates highly with REOs (banked owned properties) and BPOs (Broker Price Opinions) on foreclosure properties, primarily through “FreddMac” and private lenders. In other words, we consider ourselves to be on the front line of foreclosure properties.
Lord and Stanley History: 2008 – Present
When the market crashed in 2008, we went from about 15 foreclosure listings per month to 150 listings per month. Since 2008 the market has been playing catch up on unloading foreclosures and was about caught up until Covid-19 hit.
Currently, There are ONLY 4 active foreclosure in all of Tallahassee. (at the time of writing)
Forbearance: has been extended until December 31, 2021.