"In BPOs, the most important rule is to explain, explain, explain," according to panelists at a recent conference session on property valuations.

Doug Ayers, 50, president and CEO of Koenig & Strey Real Living in Chicago, died June 10 following a battle with cancer. Ayers was also an active participant on several National Association of REALTORS®’ committees in improving business standards in the real estate industry.

“Doug was an inspiration to me and to everyone at Koenig & Strey,” said...

Federal regulators are accusing Bank of America Corp. of being slow to provide documents and other information in an investigation into the banking giant’s foreclosure practices, according to a court filing.

BofA "significantly hindered" the review, said departmental auditor William Nixon in a document that was filed in a lawsuit by the State of Arizona...

Banks are becoming more open to providing real estate professionals with “warm leads” of willing borrowers for short sales in order to boost the number of successful workouts, according to a panel at HousingWire’s REO Expo in Fort Worth, Texas.

This is a "completely new phenomenon," Marie Chung, director of REO and Short Sale Services at Modern...