That's too bad....because many REO agents should be fired for not answering their hones, full voice mails,not returning calls, etc. Because there are no lockboxes or combo lockboxes, showing appts depend upon the ability to reach the REO agent.
It's too bad that the asset managers do not care to follow up and find out how poorly some listings are serviced. If they did, they might not delete those emails. Some REO agents provide minimal services because they know there is no threat from competition,
Asset managers find REO agents on the website by searching in the same market area as the reo listings they need to assign. http://reohomes.org/bank-of-america/
Asste managers work with a team of people, there are processors, preporty preservation specialist, listing specialists, a specialist to negotite offers and a speicialist that takes care of the closings. the team will pick a realtor based on experience and a grade form what they have done in the past. it will be for completing bpo's and doing a great job, it will be from a refferral from another bank or company they do business with . they just dont pick strangers, they pick who is known to them by their hard work. Bpos are the key. Any money paid ofr a list is a complete waste of time and money.
Once an agent does get a listing and does a good job, they tend to stick with that agent, some companies only allow each agent to have 4 or 5 agents at a time and others will give everything to 1 agent until they cant handle it anymore. so sign up to do bpos, your name will get known, the bpos are graded and you will be assigned a rating, when they have an opening they will call on you. However it is like coming to the baseball game in teh top of the ninth inning, you missed 8 innings already, most companies lists are full and they are not taking on new agents. Earn you way in, becuase the list wont buy your way in.
Everybody sells cheap list that you can get for FREE if you searched long enough..... Go to the real deal Sept 19-22th. Hope to see you there!
Depends on what you want your outcome to be? If you are looking to get help with Mitigating a loan, then that is one thing, if are looking to solicit REO's you will not get very far. Any list you get will not be current. What banks are doing for the REO's is using REO Vendor sites. It is monster.com for realtors type. REO Vendor is one choice, their annual fee $199.00 (this is pretty good). You upload your resume and E&O insurance, and what you would specialize in. I have been in the Property/Asset Management since 1990 and cold calling will not work. We screen. Get on as many of the REO sights and go to as many banking mixers as you can then you will meet that special one that will introduce to the circle. Hope this helps.
Reference Link: http://reohomes.org/directory/
Being that you are located in Phoenix, you could also attend the national REO convention where asset managers meet. Most of the big REO agents attend that convention and the asset managers conduct classes. You just need to stand out...
I just did an interview with a former asset manager, and it sounds like it might be helpful. I am putting the finishing touches on it and will make it available for free to my blog subscribers.
Now if you want, you can purchase lists they do exist, but again you are wasting your money...
Unfortunately there is no quick way into the business.
If your looking for an asset manager for a specific bank just call that bank.
If your looking to sell your own place contact an agent in your area and also contact your mortgage holder too.
Exclusive Buyer's Agent
I've tried many sites that people say have legitimate phone number for Asset managers. None have proven to be legitimate.
Most agents that have this info. are not willing to share.
Will watch to see if you get any better info. from out of the area agents that don't feel the competition if they share this info. = )