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Forums » Real Estate Agents » updated advice on REO

updated advice on REO Subscribe to updated advice on REO

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Tag Tags: breaking-into-reo-s


Karen REID


Forum_avatar_avatar-klreid

Icon_minipost Nov 21 '09, 09:41 PM

I am a "short sale agent" in Minnesota who wants to break into the REO market. I am looking for advice/help on getting REO listings. The latest forum was over one year ago. Is BPO's still the way to go for contacts?

Edited: 06/26/2010 at 10:36AM


David Slatosky

Property Manager · Minneapolis, Minnesota


Forum_avatar_avatar-mnequity

Icon_minipost Nov 22 '09, 01:18 AM

I am living in an REO now. I want to learn more about the short sale side. Do you have time this week to exchange information?

Edited: 06/26/2010 at 10:36AM


Uwe S.

Real Estate Investor · Chemnitz, Saxonia


Forum_avatar_avatar-alag

Icon_minipost Nov 22 '09, 02:04 AM

Karen I have several REO listings in MN, but the most need rehab, price is accordingly.

-Uwe


Ahmad Sabata

Loss Mitigation Specialist · Orlando, Florida


Forum_avatar_avatar-ahmadsabata

Icon_minipost Mar 01 '10, 08:08 AM

Keren:
Basically there are 3-4 major players in the reo market. reotrans now equator, *******, and resnet, and some would say reo world. There are a whole bunch of companies out there but you should stick with the big ones.

Edited: 06/26/2010 at 11:52AM


Alex Cortez

Residential Real Estate Agent · Maui, Hawaii


Forum_avatar_avatar-mauirealtor

Icon_minipost Mar 18 '10, 05:49 PM

Ahmad's advice is spot on. Those are the big players in the field and establishing rapports with the AM's goes a long way towards establishing a long list of REO's on your portfolio. Good luck.

Edited: 06/26/2010 at 12:07PM


Andrew Nelson

Real Estate Consultant · San Diego, California


Forum_avatar_avatar-anelsonc21

Icon_minipost Apr 08 '10, 05:57 AM

We should always remember to stick to the original idea of yes lets service a bpo and then hopefully pick up an reo. I have read a lot of agents saying that they will not pick up bpo's because they do not pay good enough. I would say its more like an interview.

Here are the links I thought it may help from the topic above
www.equator.com
www.*******.com
www.resnet.com
www.reoworld.com
and also not to forget www.farvv.com

Hopefully this helps.

Edited: 06/26/2010 at 12:24PM


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