The FNMA 1004MC asks the question “Are foreclosure sales (REO sales) a factor in the market?   If yes, explain (including the trends in listings and sales of foreclosed properties).


An REO comment is required by the GREAB even if there is no 1004mc.


REOs are minimal

During the past year, less than 1% of the sold listings included in this analysis were REO sales.  Only one of the active listings was an REO property.  REO sales and listings have not impacted the market.  [Duluth 11-3-20.txt]



There were no recent foreclosures in the subject's subdivision.  Foreclosures in the neighborhood have no effect on value in the subdivision.


Modified:  11/15/2020