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Trying to aquire some REO Listings

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Real Estate Agent with REBATE REALTY USA

The Method To My Maddness Was This.

I'm Trying To Develop Some Contacts With Banks, Mortgage Companies, & Asset Services Companies.
So That I Can Acquire Reo Properties To List, For Instance, Reotrans, Ocwen, Bank Of America, Pas,Reo, Precision Asset Management And Homeq Reo.  
In My Search I Found That Some Will Let You Join For Nothing. Others You May Ask You To Pay, From $59 To $995 A Year, I Wanted To Join One And Thought I  Would Run It By The Realtors In The Group Hoping  They May Be Able To Tell Me Which One Was The Most Productive One To Join. I Tied To Join Pasreo , I Think It Was About $995 Year, But  You Have To Be Invited Also. I've Worked With Homeq With Shorts Sale(No More Of Them) And I Listed Hud Homes For A While, But They Cut Me Off And Made It Clear They Had All The Realtors They Needed. Ocwen Is Ok But They Take 1.5% Off The Top Of The Sell Back. I've Been A Realtor For 8 Years And Have A Crew For Trashout And Repairs But Realtors Are Reluctant To Help You Break Into This Area Of Real Estate.

 Thanks, Lillian 

 

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Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Lillian, there are a lot of good posts on Active Rain (AR) about breaking into the REO business. You should use the search button and see what you can find. I think the AR community has been very good in sharing their knowledge of this area of Real Estate.

Aug 16, 2009 12:53 PM