I was wondering which company or lender is behind most auction and REO re-sales here in Massachusetts.
If you guessed Deutsche Bank, you’re right. Deutsche Bank National Trust Co. is listed as the seller in at least 310 transactions involving an REO property so far this year, according to data from The Warren Group.
Deutsche Bank didn’t necessarily originate the loans on these properties. In a lot of the cases, the bank was simply acting as a trustee for a pool of investors that held the loan.
Fannie Mae and US Bank are right behind Deutsche Bank, having sold more than 200 properties each so far this year.
Source: Warren Group