
with Windy Keefe
REO Properties Don’t Come Empty
ABOUT THE EPISODE
You won the asset, but REO properties rarely come empty. Then you find out who’s still inside and a clock you didn’t know was running starts counting against your capital.
I sat down with Windy Keefe, who’s spent two decades running the problems that decide whether a recovery holds — occupied homes, squatters, cleanouts, the vendor network that either protects your basis or leaks it out one line item at a time.
You’ve handled all of it. She built the database that tells her, in a single phone call, which REO broker protects your basis and which one only looked good on paper.
There’s a shift coming to REO listings that changes the math on where your capital goes next. Windy sees it forming. I pulled it out of her. Where and when it lands is in the episode.
About Our Guest:
Windy Keefe is the Business Development Manager at REO Network, a national network of over 6,000 REO brokers, agents, and vendors, connecting asset managers, banks, hedge funds, and credit unions with experienced, professional REO brokers across the country. Connect further with Windy on LinkedIn.
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The Storm: Markets Meet Mother Nature has received critical acclaim since release in April 2026, opening the conversation of how converging forces are reshaping markets and offering the framework for investors and institutions to navigate what comes next. Available at Amazon and other major retailers https://a.co/d/0gPB0yrY.
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First Lien Capital is a privately owned distressed mortgage investment platform focused on the acquisition and timely resolution of sub-performing, non-performing mortgage loans on residential or commercial real estate.
First Lien Resolutions, First Lien Capital’s third-party advisory and special servicing arm for banks, funds, and institutions holding distressed and dislocated debt, delivers end-to-end resolution through engineered outcomes that work for investors, servicers, and borrowers.
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