Cheryl Berg

You can get a listing information from public websites such as Cyberhomes.com. For SOLD statistics, try the local Multiple Listing Service. They may have a public website with stats. - Wed Oct 1 2008, 22:39

Whatever you do, I DO NOT recommend buying it on the courthouse steps at the Trustee's Sale. You would be acquiring the property "as is" with all the baggage (ecumbrances, liens, possible title issues) and likely without the benefit of thorough inspections. - Tue Aug 19 2008, 23:10

Foreclosure.com, but a qualified real estate salesperson can provide you with far more detailed info. Most foreclosed properties eventually find their way to the Multiple Listing Service (MLS). - Tue Aug 19 2008, 22:59

Postlets.com

And although I hate to admit it, and hate to pay for the privilege to "showcase" my listings, Realtor.com. It remains one of the most visited real estate websites around. For the time being, I believe consumer confidence with Realtor.com remains high, and I do get quite a few inquiries as a result. - Tue Aug 19 2008, 22:55

The REO Servicers I work with are not regional (i.e. Georgia). They are all national companies, farming BPO's & listings out to agents in their database that service a specific area where they have an REO property.

It's a difficult segment of business. Work twice as hard, earn half as much (or, depending on your market, be the only agent in your office to earn ANYTHING). You must have money to make money. All the REO Servicers I work with require a time & money commitment prior to even securing the listing (i.e. occupancy check, rekey, repair of health & safety hazards, trash-out, lots of other footwork). You need to be good at bookkeeping & scanning into PDF files to submit your invoices and keep track of what they owe you. You essentially become not just a Licensed Real Estate Salesperson, but also a Property Manager and a Bookkeeper. The listing agreements protect the lender, no the agent. Generally, they can pull the listing from you with 24 hours notice -- no reason -- no recourse.

Anyhow, if you're looking for REO companies, don't limit your search to Geogia. - Tue Aug 19 2008, 20:57