REO   bank reo
 

Realtors:

List REO Properties

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REO = Real Estate Owned  (bank owned foreclosure properties)

Get a current list of REO asset management companies including:

  • Over 70 banks and asset management companies

  • Industry forums and resources for your success

  • Instructions on how to set up your REO resume

The REO market is strong. You still see brokers with dozens of foreclosure listings. Now you can learn their secrets, get their 'connections'. Currently, most banks are using asset management companies to list and sell their REO properties. (Chase Bank and Wells Fargo do not directly list their own properties - they use REO Asset Management companies) We have a detailed list of companies where you can register to get their listings.

How to get REO listings:
You need to get registered with the major Banks and Asset Management companies to receive REO listings in your market area. Banks and mortgage lenders are still seeking local real estate brokers to list their properties. Mostly, this is because of a high level of dissatisfaction with the current REO listing agents. Have you ever tried to submit an offer on an REO listing and never heard back? Asset management companies often cancel non performing brokers and assign their listing to new brokers in the area.

It is still common for a real estate broker to have 50 + active listings from the various banks and REO asset managers they have a relationship with. You can build a successful business based on REO listings. Brokers using this list are averaging 15 - 20 new listings per month.

Updated in November 2009, RegisterREO has the most current list available. You can register with the major companies to get their listings.

Just $89- gets you the full REO registration directory!

reo asset managers

Background info:
We are a successful brokerage in a small south east market. We list a lot of bank REO's simply because we registered at as many companies as we could find. Over the past year we have refined our REO registration list and it is very current . So, why are we sharing this list? Simple; asset managers only assign REO listings within 25 miles of an agents office. In addition, they usually limit the number of listings they give to any one broker to about 10. Thus, we can only use this list within our small marketing area. We are happy to sell the information to brokers in other markets for just $89- payable online. You will be able to download our list immediately after your payment clears. (usually within one minute)

Getting started in the REO properties business is simple. Just follow the instructions from each company and register to be one of their brokers in your local market area.  Listing commissions range from 2.5% to 6 %

Click here to purchase the REO properties registration list.

Current Success Stories:

12 closings in April, 2009
- John D.  Phoenix market

8 closings in October, 2009
  - Amy J.  Orlando market

14 closings in February, 2009
Mike K.   Dallas market

 

  
asset managers   reo trans