Something else you can do is research the bank that owns the property. I love to know how far away an agent really is to our properties. Most times it's only because the asset management company only has the 1 agent registered with them.
Hope this helps a little bit.
Here are several things you can do to get REO listings:
1. Call local credit unions and banks. Ask if they carry portfolio loans, if they do, they will have at least some bank owned properties. Offer to complete BPOs for those institutions as your way in.
2. Sign up with REO and BPO companies that you find on the web. But not subscription services. Too many Realtors pay a monthly or annual subscirption fee hoping to magically get a call one day and be asked to list their 1st REO property. This ususally doesn't happen without alot more work.
3. Start completing BPOs for the companies you've signed up with. Try hard to promote your name on every BPO you complete (not unlike in a listing presentation). The good news is that you should receive a $40-$60 stipend on each BPO you complete.
4. Title companies are next. Most real estate offices have title reps (salespeople) that constantly approach the office. As that person if s/he knows of anyone at their company that is involved with trustee sales and/or bank owned properties.
All top REO listing agents complete BPOs. As you complete BPOs you will begin to create credibility with banks. When they do need to have bank owned property listed, you will be one of the first people they call.
Chris B. Johnson, Realtor
CA. DRE 10501699 Exp 06/20/2013
It is difficult enough for a Realtor to get in contact with these companies. The main companies are all represented by about 5 major players on Cape. They will not circumvent the listing agents once the asset is placed. The best you can do is to use Realtytrac and reverse prospect for preoperties in Pre-foreclosure. If you know the market there, than you can sift through the address information as much of the information on that site is somewhat incorrect. What is your major issue with the REO agents that you are encountering? If you are purchasing REO's it is your responsibiltiy to have knowledge of the local market.