Ryan Smith, top producing agent specializing in REO properties, returns to provide an update on the state of the Chicagoland foreclosure market heading into 2026!
Ryan starts with an overview on the foreclosure process and expectations when getting into a foreclosure transaction as a buyer. He provides tips on positioning yourself as a legit, experienced buyer in the eyes of REO listing agents. Ryan gets granular on latest foreclosure statistics and provides his outlook on the REO market heading into 2026. He closes with his take on Chicago’s crime problem and the neighborhoods that he is bullish on!
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02:05 Housing Provider Tip - Understand manufacturer warranties on appliances and reconsider extended warranties!
04:15 Intro to our guest, Ryan Smith!
10:47 Risks associated with buying properties at the auction.
13:12 Understanding properties in receivership.
15:55 Expectations on REO transactions!
25:15 Key Foreclosure Statistics!
35:54 Ryan’s outlook on the foreclosure market.
42:55 Promising south and west side neighborhoods.
46:19 Solving Chicago’s largest issues.
47:20 What is your competitive advantage?
48:12 One piece of advice for new investors.
49:20 What do you do for fun?
49:50 Good book, podcast, or self development activity that you would recommend?
50:45 Local Network Recommendation?
51:51 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Ryan Smith
Guest Company: RE/MAX Properties
Guest Link: https://www.linkedin.com/in/ryan-smith-54934a2a
Other Links for show notes:
DAWGS Vacant Property Security
