Question Details

Stephanie Sm…, Real Estate Pro in 94954

How do I contact the appropriate people (ie. asset managers) for the banks to become placed on their approved

Asked by Stephanie Smith, 94954 Wed Jun 11, 2008

REO list as a listing agent?

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Answers

3
Hi Stephanie,

Contacting the appropriate people shouldn't be too hard. A lot of websites out there are selling lists of company contact information or you can also going directly to the company websites and navigate to their "broker network" or "vendor signup" links. Actaully getting registered with each of those companies is some work but absolutely required. I think you're on the right track.

When you start registering with BPO companies, asset managers, or lending institutions you're quickly going to find that some companies that want to charge you an initial or monthly fee to be on their "preferred broker" list. I would be VERY cautious about doing this. There are just too many companies you can sign up with for free.

If you consistently complete BPOs and (appropriately) promote your name on each one, good things should start to happen.

PS: It took me about 25 completed BPOs before I was offered my first shot at an REO listing.

Hope this helps!

Dave
davehale@LearnToListREO.com
2 votes Thank Flag Link Sun Jan 11, 2009
Hello Stephanie, i found a great list. After signing up, i got approved and have a now 3 reo listings.

Steve
0 votes Thank Flag Link Sun Oct 10, 2010
Have you ever done BPOs for any lenders? If not, you need to register to do BPOs. Email me and I will give you some Asset Managers that you can sign up with and a great website that has guides to doing BPOs, Short Sales, etc.
0 votes Thank Flag Link Fri Jun 13, 2008
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