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I want to be an REO Agent... How do I get started?!
Based on the volume of private emails I've been receiving, answering this question here will save my fingers a lot of work!!  But, before I answer the burning question, let me give you some food for thought.
Do you know ALL that is involved in being an REO Listing Agent?  Here's a sample of what we do:
Accompany the Sheriff on EvictionsSecure & Re-key the propertyTurn utilities on in our name Have property winterizedCoordinate the trash out (Some AMs have us store the personal belongings / trash for 90 days+)Ready the property for marketing including making repairs and improvementsPay the bills on all of the above & wait up to 90 days for reimbursementsHandle vandalism, theft, squatters, animals, arson, oh my!Fill out BPOsMarketing Prep Work - Photos, MLS data sheets, info box flyers, write ads etcList the PropertySchedule showingsEducate Co-op agentsSubmit OffersCoordinate all details of the closingKeep all parties up to dateDo you have an opinion or preconceived notions of foreclosures?
What about the folks who lost their house ~ what do you think about them?
What is the cause of foreclosures in your area?
Who are the lenders in your area?  Who are the Asset Managers?
Do you have any specialized training in REO work?
Do ... more

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