How Do I Market To REO To List & Sale

Lynn001 profile photo

I would like to list and sale bank owned properties. Any advice on how to get started. I am a licensed real estate broker and have comleted several successful pre-foreclosure and short sales. Not sure if I need to visit the loss mitigation department of every banks I see foreclosing often in my area or go to websites and/or place calls? Any help would be appreciated. confused

Comments(6)

  • butterflyv10th May, 2005

    Hi, try searching for "reo listings" or "Wisconsin (where I live) reo", that kind of thing. I found a website that lists the REO agents in my town. I contacted one today and she emailed me back right away with 4 properties. Keeping my fingers crossed! Good luck!

  • MissHelen11th May, 2005

    Try going to the www.reonetwork.com or www.Ocwen.com Fannie Mae and Freddie Mac also have websites. GMAC, Premier also have sites.

    Hope this helps. Just remember they all want a pint of blood from you.

  • Lynn00112th May, 2005

    Thank you ALL for the good information. It is appreciated. Lynn

  • pnauman16th May, 2005

    Lynn, I agree with what SunRayeREO is telling you.

  • SmileyFace17th May, 2005

    If you are a real estate broker, why are you asking RE investors how to become REO agent? Should you ask other people you work with?

  • Hibby17th May, 2005

    Excellent point, thanks for the input. Yes on deals like these i think its probably best to just get a general purchase agmt signed for the prop sub2 the ss being approved as funding will need to be our own anyway.

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