How Do I Market To REO To List & Sale
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. :-S
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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!
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.
Thank you ALL for the good information. It is appreciated. Lynn
Lynn, I agree with what SunRayeREO is telling you.
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?
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.