Expert: Watch Out for REO Disposition Mistakes.

The ten biggest mistakes made when working with REO disposition can be avoided.

Whether in REO disposition or outsourcing environments, REO asset managers struggle with these issues and opportunities to improve.

According to CJ Gehlke, president and founder of REO Nationwide in Newport Beach, Calif., "You can't do everything yourself and retain efficiencies."

"You do have to stay involved to make sure it is done and done right. Even technology, which is not driven primarily by human effort, is dependant on oversight and monitoring, requiring human intervention from time to time. In this life, nothing can be trusted to run entirely on it's own. However, you can hone your own skills to better ensure success, minimizing complications down the line.

The number one mistake is seasoned inventory.

Sometimes a new asset has challenges and is going to be time consuming. How many times have you found an asset like this still in your inventory months later?

Solution: Outsource it to a firm and an asset manager with at least ten years experience and get it off your desk. Let experts who specialize in this pay the attention to it that would take you away from your other responsibilities.