Should I hire a REO Buyer Agent for a Bank Owned Property?

Should I hire a REO Buyer Agent for a Bank Owned Property?

Member since 2018 · 12 posts · 3 votes

Hi,

I've found a property that is owned by U.S. Bank Trust NA. It is not listed on the MLS, should I hire a REO Buyer's Agent to look into finding the REO department so I can purchase? Although I'm a Realtor myself, I don't have experience with REO properties or the process. Just want to get some feedback on what steps to take. It would be a CASH purchase with the Bank.

Thanks for some detailed help!

Nailah

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    7y

    They are not going to sell it to you "off market". It will either hit the mls or a REO auction site.

    You May be able to find out who the listing agent is, or research their other/past listings to see what agent(s) they use and let them know your interest. 

  • Member since 2018 · 12 posts · 3 votes
    7y

    Great, I've looked up some properties and found 1 listed by US Bank Trust NA with a listing Agents Name. Do REO Listing Agents only List with certain Bank Owned Clients?

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