Question Details

Marlene Young, Home Buyer in Bay Area California

where do realtors get reo listings?

Asked by Marlene Young, Bay Area California Fri Feb 8, 2008

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Learn as much about what is expected to be an Reo agent as you can, then apply yourself and start registering with all the banks, follow up with them regularly. Do your Bpo's to the best of your ability, pricing the property correctly from the beginning is the most important thing. Best of luck
0 votes Thank Flag Link Thu Apr 28, 2011
I subscribe to a foreclosure listing service called Redloc. I have the actual trustee's deed, so when I call the bank REO, I can actally talk about a property with an address that they actally own.

David Cooper - Las Vegas Foreclosure Investor in Bank Owned REOs with Cash Flow. email or call for FREE daily list. +1-7024997037 not a real estate agent
0 votes Thank Flag Link Wed Apr 27, 2011
REO listings are marked in MLS for agents send to their buyers

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Mon Mar 21, 2011
You have to go out & earn the business. Regardless of how you approach it -BPOs, Networking, is going to take you a few years of effort before you see any business.
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0 votes Thank Flag Link Wed Mar 31, 2010
0 votes Thank Flag Link Sat Jan 2, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
You can contact lenders and try to find their REO departments. In out local MLS, the property description would usually indicate that the property is "bank owned" or Corporate Owned. The latter sometimes refers to Relocation properties, but, in this economy, it usually refers to bank owned. I hope this helps.
0 votes Thank Flag Link Fri Oct 23, 2009
Normally lenders use Realtors who specialize in foreclosures. Managing REOs is a business it itself and usually requires a Realtor with financial stability business experience.

Realtors can apply to work with a lender's REO department. Also, some lenders, like Countrywide for example, actually let the sales force recommend Realtors with whom they have had successful transactions.

Hope this helps.
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0 votes Thank Flag Link Fri Feb 8, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
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