Several questions have been asked about how to become an REO agent. I looked back and came to the conclusion that I never solicited the business. I happened to be on "phone duty" one day when a bond money REO came through. They wanted me to check out a little house that was actually about 7 years in arrears. It had been left full of stuff with leaks from the roof ruining furniture. I had to carefully step over stuff and carefully make sure I didn't fall through a hole in the floor.
I got the stuff hauled off so the house could be seen and we got it sold for a very low price.
The next time I got a call it was for me to check out a property that the assigned broker hadn't done his duties on. Seems the one who'd been doing the foreclosures (which were very few) hadn't done the assignment within the time allotted. Upon checking out the person, he was not even an MLS member so he was let go and I was given a couple of assignments. This was probably in the early 2000's. Almost NO foreclosures came in. Now we are having about 2 or 3 a month assigned to me.
So my advice would be, "Don't plan on it. Just get your education through CRS, GRI, and other sources and your time may come!" With education, you'll be ready.
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