Feeling Overwelmed with Paperwork on REOs?

With foreclosures on the rapid rise in some parts of the country, many agents are venturing into the field of REOs.  Listing REOs translates into an "explosion" of paperwork for an agent. Solution...hire a Virtual Assistant!

Don't hire just any Virtual Assistant, but a VA that understands the unique needs of the REO industry.  Virtual Assistants can assist with

  1. Invoicing and tracking reimbursements
  2. Submission of monthly marketing reports
  3. BPO data entry
  4. Closing Coordination

As an agent, you should interview the prospective VA that you are thinking of hiring.  Ask some probing questions ....  Does the VA understand REO terms? (ie ..cash for keys).  What is the VA's ability to handle the spikes in volume?   What is the VA's turnaround time for BPOs?  Does the VA have a background in real estate?  Check references.

Finding a knowledgeable VA will mean you, as the agent, will spend less time training and more time focusing on listing and selling homes.  A good VA can be an asset to your business!

Cathryn Jones

Assistants For Agents, LLC
www.assistants4agents.com

 Virtual Assistants for today's top real estate agents nationwide

direct:  888-740-5869
fax:  866-461-6846
email:  cjones@assistants4agents.com

 

 

 

 

 

 

 

2 Comments on Feeling Overwelmed with Paperwork on REOs?

The one rule I keep on REOs is I stay away from REOs.  I find the banks so difficult I think they don't want to sell the property.  I won't do them.

02/24/2008 03:11 PM by Gary McAdams (GMAC Schwartz Property Sales)


Gary -

Thanks for your comment. Some banks/asset management companies can be more difficult than others...just like ordinary buyers and sellers.  However, REOs can also be lucrative for some agents.   

Cathryn Jones

 Assistants For Agents, LLC
www.assistants4agents.com

 Virtual Assistants for today's top real estate agents nationwide

direct:  888-740-5869
fax:  866-461-6846
email:  cjones@assistants4agents.com

 

02/24/2008 03:23 PM by Cathryn Jones, Assistants For Agents, LLC (Assistants For Agents, LLC)


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Virtual Assistant: Cathryn Jones, Assistants For Agents, LLC (Assistants For Agents, LLC)
Cathryn Jones, Assistants For Agents, LLC
Fairfax Station, VA
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Assistants For Agents, LLC

Office Phone: (888) 740-5869
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