On my personal blog, I have posted a step by step series on buying foreclosures... click below to be taken to the post that interests you most.... Agents getting into this for the first time should read this, as well... you must be able to warn your clients about what to expect. Bottom line - are REOs a great deal? THEY BETTER BE - and here is why.
The Truth About REOs: http://therealestatewhisperer.blogspot.com/2008/06/whats-reo.html
The Great House Hunt: http://therealestatewhisperer.blogspot.com/2008/07/great-house-hunt.html
3 Part Series on Making an offer:
2 Part Series on Contract to Close: