What is the best way to get REO Listings?? - Louisa/...

Submitted by LouisaDavis from CA - 01/06/2009 - 1:56pm

What is the best way to get REO Listings?? - Louisa/Realtor

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Submitted by Sean - 01/09/2009 - 1:49pm

I was just on a panel this week that discussed it, here are a couple of tips:
 
1. Get REO training or certification. Lenders prefer to see REO experience, but at a minimum will want to see education.
 
2. Get a referral from another REO broker. Perhaps one in a neighboring area that you wouldn't compete with directly.

Submitted by R O - 09/15/2009 - 12:32pm

Hi,Megan

Im in CA do you have any contacts for REO's here?

Submitted by janet cameron - 09/15/2009 - 3:54pm

My husband is realtor with Keller Williams. I operate Real Estate Foreclosure Solutions LLC, since 2001. Many bulk loans purchased with warehouse line and managed REO's. Info please

Submitted by Ernie Gonzales - 10/07/2009 - 10:27am

I am also a Keller Williams agent in Nevada. I would love to be able to network with both you and your husband. I too work with my wife.

Submitted by Suzi Berntein - 09/25/2009 - 5:16pm

Where do you go for REO training for certification?

Submitted by PEGGY3 - 01/14/2009 - 9:35am

Where do I go for training?

Submitted by Ginny - 12/15/2009 - 7:51pm

Peggy, NAR backed designation is called SFR.... Short sale Foreclosure Resource cert with 3 webinars and a CRS course requirement. CDPE is Certified Distressed Property Expert Designator, which is excellent in-depth training through an LLC that is "supposed" to be one that BANKS will be looking for. Lionsgate, another LLC puts on excellent training, too, but it is more costly than the others.
Of the 3, the best info and most thorough in my opinion is the CDPE. You can google all of these and see class schedules, etc.
Hope this helps!

Submitted by Megan Combs - 01/14/2009 - 11:25am

Hi Peggy,
 
What state do you live in?   I am in Southern CA and can help you.  We have an in-house Asset Management Company that assigns listings.
They also cover AZ and NV.
 

Submitted by dawn mayo - 01/14/2009 - 1:19pm

Hi Megan. I am currently doing REO properties. I would like to speak to you. Can you please email me your info so that I can call you?
 
Thank you
 
Dawn Mayo

Submitted by Tim Ghaemi - 01/15/2009 - 9:22am

Hey Dawn, I am in Colorado and my market is saturated with REO brokers.  I have done hundreds of A+ BPOs.  I only get listings from 2 companies.  Any suggestions you can offer me?  I have several REO designations, attends conferences, I am very experienced in property management, I am very good in sales, tell me what does it take to get a few more listings?  I am not an inventory driven agent.  I just want to get my fair share.
 
Thanks,
Tim  

Submitted by megan - 01/15/2009 - 11:51am

Hi Tim
I think you were responding to me, Megan....anyway if you want to email me your contact info I can keep you in the loop as far as Colorado.  I know the first roll-out of REO's is only going to cover CA, AZ & NV.  My email is megan@exitnb.com

Submitted by tghaemi - 01/18/2009 - 11:13pm

i Jus did.
 
Thx

Submitted by firststate - 03/17/2009 - 9:54am

i am located in Delaware and service both DE and PA. I have done 100s of BPOs  and only get listings from 1 Asset Management Company. How do I get in the loop of receiving REO listings?

Submitted by Dave Corbin - 03/30/2009 - 8:52am

Hi Dawn!
 
I'm a realtor in Marin County California, just north of San Francisco. I have been selling homes for over 23 years here and have been a sales manager for 9 years. I would be very interested in listing and selling REO properties here. Any suggestions?
 
Thanks,
Dave

Submitted by Suzi Berntein - 09/25/2009 - 5:22pm

I am working with alot of buyers, but I would prefer to work with lenders on their BPO's. Who do you suggest for me to write or call to get on their panel of agents in California, Sacramento, Placer & El Dorado County?

Submitted by Alex C - 09/29/2009 - 3:59pm

Hi,
I seen your post.. I am also trying to get into the REO maket but it's been real tough. If you have any advice I would appreciate it. Thanks.

Submitted by Marta - 01/21/2009 - 5:16pm

Hi Megan, I just saw your response on the REO's, do you know by any chance if your asset company has listings in the western suburbs of Chicago, IL?  I would be very interested working those, but so far had no luck

Submitted by Kaye - 01/26/2009 - 4:11am

I am in San Diego and interested in REO. I just got an accepted offer for my buyer on an REO. I have many pre qualified Military etc. looking, but also want to get in on the listing end.
 
Thanks,
Kaye

Submitted by William Hargrove - 02/04/2009 - 1:51pm

Hi Megan,
I also am a Broker in Southern California. I would love to talk with you about getting some REO listings. Please contact me at the above email address and I'll get you my contact info.. Thank you for your time.. and I'll talk with you soon.
 
~William Hargrove
william@williamhargrove.com

Submitted by Helen - 02/12/2009 - 5:59am

Hi,
I live in Northern Illinois. Do you think I could manage your assets here?  If so, how do I proceed with you...
Thanks,
Helen

Submitted by Daniel Ripper - 02/12/2009 - 10:00pm

Megan, if you're looking for a good agent in the Bay Area to dispose of those assets, let me know.

Submitted by THE REO KING - 02/12/2009 - 11:02pm

Megan
 
If you can help me  with the reo listing then that would be a blessing to me.
my email THEREOKING@YAHOO.COM
Charlie lee

Submitted by Pedro Hernandez - 02/13/2009 - 9:24am

Hi Megan,
 
Would you please contact me about REO listings.
 
I want to get REO listings in Fresno,Clovis, Selma, etc (Central San Joaquin Valley, California.)
 
Thank you,
 
Pedro Hernandez-Broker
Causa Real Estate
bbbremate@gmail.com
559-213-0676

Submitted by Ashley - 03/05/2009 - 9:20am

Good Morning Megan!
I am the marketing and listing manager for a Realtor in San Diego.  With the market the way it is, we are looking at different avenues of income and want to break into the REO game.  We have a relationship with one asset management company, but have only received 2 REO's, both under $100k.  If you could provide your contact information, I'd love to chat with you.  Thanks and I look forward to hearing from you!
Best Regards,
Ashley

Submitted by Megan Combs - 03/05/2009 - 9:26am

Hi Ashley,
 
We are at our capacity of Realtors in San Diego County.  Send me an email @ megan@abfnetwork.com and I will keep your contact info on hand should we need more Realtors.
 
Thanks!

Submitted by Candis - 03/05/2009 - 2:14pm

I am in Chicago far south suburban office looking for reo listings any help would be great

Submitted by Megan Combs - 03/05/2009 - 2:18pm

Candis if you could please send me an email to megan@abfnetwork.com and I will forward to the agent who is covering IL.  (I didn't see any contact info on your post).
Thanks.

Submitted by Janet McCarthy - 03/07/2009 - 2:54pm

Hi,
I am in San Diego and very interested in getting REO listings.  I have experience with both bank owned properties and short sales. 
Thanks

Submitted by jondenney - 03/24/2009 - 7:31pm

Hi Megan-
I am in Arizona, can your in house Asset Management Company help me?
Jon Denney
John Hall and Associates Reatlors

Submitted by Megan Combs - 03/24/2009 - 7:53pm

Sure can.  Send me an email megan@abfnetwork.com and I will pass you onto the state administrator for AZ.
Thanks, Megan

Submitted by Elaine Giamona - 04/08/2009 - 6:35am

Hello, I am a broker in N. Calif (near Sacramento).  Our team has been certified in REO by LionsGate (Deborah Leone).  Trying to break into this market.  What is your website, so that I might apply for assignments of listings in our areas (Placer, Sacramento, Yuba counties).  Please check our qualifications on website http://www.mccoyreo.com (click button About Us, Who Are These People?)  Thanks for your time and best of luck to you in this exciting, challenging time filled with opportunity.  Elaine Giamona

Submitted by Raffaella - 04/17/2009 - 12:50pm

Hi Megan
 
does your company have any REOs in the Central Valley?  I was co-lisitng REOs with a collegues for ages, and have tons of experience...but I guess she got too greedy and cut me out.  I am very good at it.
 
Cheers

Submitted by Brad Emler - 05/06/2009 - 6:12pm

Megan,
I am located in the San Diego County area of Southern California.
I would love to get assign listings from your in-house Asset Management Company!  Please contact me and I will provide you any information you would need.
 
Thank-you for the opportunity!
 
Brad Emler
lindseyfinancial@gmail.com

Submitted by Sam Urfali - 05/06/2009 - 7:37pm

Hi Megan, I read you response that you assign property in Arizona, We are a real estate and property management company in Pima county covering Tucson, Oro Valley, Marana, Vail, Sahuarita in southern Arizona.
 
Would like to find out more if possible.
 
Regards,
 
 
Sam Urfali Designated Broker Arizona Metropolitan Realty & Management Co,LLC1081N. Bedford Dr. Tucson, AZ 85710 Ph(520)885.2280 Fax(520)885.2284 email: Admin@AzMetroRealty.com Website:WWW.AZMetroRealty.Com Website:http://azmetro.directhomes.com
 
Residential. Commercial. Industrial. Brokerage and Management.

Submitted by Judy B - 06/18/2009 - 11:18pm

Hello Peggy:
 
I saw this thread from a previous email.  I am looking to get REO's in Phoenix.  I have been doing BPO's for some time.  Do you know which banks or asset mgmt companies are best to align myself with?  Thank you for your help.

Submitted by Dina Romero - 07/03/2009 - 12:51pm

Dear Megan,
Are you still working for the same firm?  I am an REO agent for BofA, but have time to do a whole lot more! What can I do to be added to your in-house Asset Manager's listing agents list? Whatever you can do to assist me in that would be greatly appreciated. Thank you! 

Submitted by JIM GOULD - 08/11/2009 - 3:39pm

I AM TRYING TO GET LISTING FROM THE BANKS AND AM FINDING IT QUITE A CHALLANGE. I LIVE IN NEWPORT BEACH/COSTA MESA AREA AND I HAVE HAD MY LICENSE SINSE 1976. I HAVE OWNED AN APPRAISAL CO AND A REAL ESTATE CO. SO I HAVE LOTS OF EXPERIENCE. I HAVE SOLD LESS EXPENSIVE HOMES ALL THE WAY TO MY LAST SALE ON BABLOA ISLAND OF $12.4 MIL SO I AM LOOKING FOR DIRECTION ON GETTING IN WITH THE BANKS.  MY PHONE NUMBER IS 949-355-0079

Submitted by Anonymous - 08/12/2009 - 9:38am

Hi Megan, or any other Asset Mgr
 
Need any help listing REO property in the Palm Springs/Coachella Vally area? 
 
The REO Squad,
Agent 24/7

Submitted by Ernie Gonzales - 10/07/2009 - 10:24am

Hi Megan-
I am just wondering when we will be launching ABF. I am all qualified and excited to get things going with your organization. You may contact me through my email if you like or go to my profile on ABF for all my contact info. BTW the Settleware software is awsome. I use it for everything now.

Submitted by natalie - 01/14/2009 - 2:39pm

This is a great question.  I've been doing BPO's for about 5 months now.  None have turned into REO listings.  I feel like maybe partnering with a real estate agent in another territory may just be the way to go.  I have been workinig with buyers and it's been frustrating.  We have lost every house we have put offers in on.  Some of the homes even go up on the MLS pending, never as active.  I haven't given up.  My buyers are well qualified, excellent credit, 20% down payment and never ask for any concessions.  I have an offer in right now and am keeping my fingers crossed.  I'd like to actually get REO listings though, I think that if I had access to my own REO listings, I'd be able to get first shot at getting my buyer's offers to the banks.
Doing BPO's has been informative, it keeps me on top of values in my market.

Submitted by janet cameron - 09/15/2009 - 4:17pm

Janshortsale@yahoo.com you need a seasoned neg. for Short Sales. Real Estate Foreclosure Solutions LLC. Janet Cameron, President, Owner. 12 years experience in this market. I know how to Neg. with Banks and get the paper moved through the bank....I understand the bank end of paperwork and how to get banks to neg.

Submitted by janet cameron - 09/15/2009 - 4:17pm

Janshortsale@yahoo.com you need a seasoned neg. for Short Sales. Real Estate Foreclosure Solutions LLC. Janet Cameron, President, Owner. 12 years experience in this market. I know how to Neg. with Banks and get the paper moved through the bank....I understand the bank end of paperwork and how to get banks to neg.

Submitted by janet cameron - 09/15/2009 - 4:17pm

Janshortsale@yahoo.com you need a seasoned neg. for Short Sales. Real Estate Foreclosure Solutions LLC. Janet Cameron, President, Owner. 12 years experience in this market. I know how to Neg. with Banks and get the paper moved through the bank....I understand the bank end of paperwork and how to get banks to neg.

Submitted by Megan Combs - 01/14/2009 - 3:14pm

Hi Dawn, please call me 949-226-9728 or email megan@exitnb.com.
Thanks Megan

Submitted by Anonymous - 01/26/2009 - 9:41am

There's a website you can go to that links you directly to the lenders,
asset managers, and government agencies that deal in REOs. It takes leg
work on your part to find them, but at least you can cut through the
many services online and go straight to the source. http://www.reoreferral.com.

Submitted by Megan Combs - 01/28/2009 - 12:00pm

Hi Kaye,
 
Plesae give me a call 949-226-9728 or email me @ megan@exitnb.com for more info.
 
Thanks!

Submitted by Megan Combs - 02/13/2009 - 10:36am

To everyone who has responded to my post regarding REO and Short Sales - THANK YOU!  I have had an overwhelming response and I'm sorry that I can not answer all of your inquiries individually.  The asset management company is America Buys Foreclosures.  We do have 1,000's of REO and APPROVED Short Sale Listings.....we have changed our protocol a bit.  Agents select a zip code they would lik $99/mo. per zip code for REO's (up to 10 listing per month).  $99/mo. per zip code for Approved Short Sales (up to 10 listings per month) or $175/mo. for combo of REO and S.S. (up to 25 of mixed listings per month) Of course, zip codes are not guaranteed as EVERYONE wants REO and short sales (especially PRE-APPROVED BY THE LENDER!)  in California!  Could be that the zip code you want is already full with agents.  We do not oversaturate.
20% referral fee payable to ABF at close of escrow.  If still interested please respond.  We have agents covering territory states and I am not covering CA so I will pass on to correct agent.  MY TERRITORY STATES ARE NEW JERSEY, WASHINGTON AND MISSISSIPPI - IF YOU KNOW ANY REALTORS IN THOSE STATES PLEASE PASS MY EMAIL ONTO THEM!  THANK YOU!
Please send an email instead of responding to the post.
 
Thank you!

Submitted by trishdig04 - 03/16/2009 - 7:27pm

i am interested. im licensed in new jersey
856-278-7300  trishdig04@aol.com
12 years in bus, expd in short sales reo, bpos

Submitted by Megan Combs - 02/13/2009 - 10:38am

MY EMAIL IS megan@abfnetwork.com

Submitted by Anonymous - 03/13/2009 - 12:59am

How many Realtors who signed up with ABF get any REO listings so far?

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