Are you a real estate agent that wants to know how to list REO homes?
With foreclosures at all time highs across the country do you want to make REO your niche in real estate? Are you looking for steady income? Quite honestly that is why I got into the lender owned business over 12 years ago. Being a real estate agent as we all know can be feast or famine.
Listing REO property takes a special agent. This is a niche business that most agents are not taking advantage of.
With the massive wave of banks foreclosing on properties REO asset managers are looking for real estate agents who specialize in the REO market. They are in need of experienced REO Agents.

What Is The advantage Of Being A Foreclosure Specialist?

If you fit this description you very well could make a change in your real estate career. Are you tired of working with sellers that make demands for open houses every weekend? Have you found that most of them will not reduce their property because they are in denile of the declinning market or they can't because they owe too much? Maybe your tired of running buyers all over town showing lender owned, short sale or overpriced properties?
You don't have to run buyers all over town and have them end up buying a FSBO. You don't have to list overpriced properties only to spend endlesss hours of marketing only to have them expire.

LIST FORECLOSURE PROPERTY and let someone else sell them.

Here is some valuable information you need

So by now you are asking yourself how do I get started in the reo business? By specializing in this aspect of the real estate business The best advise I can give is that you will need to get your CFS (Certified Foreclosure Specialist) By listing lender owned property you can easily not only double but triple your income and your inventory. The reason that I say get your CFS certification is because of what has happened in this niche business over the past couple of years. There are some good products that are priced under $100.00 that you take advantage of . You can put this one to the test for 60 days and if you have not made your money back simply return it with no questions asked.

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The Problem I have seen in the Past 2 years

When the foreclosure rate started to rise more and more inexperienced agents wanted to get there hands in the business. And the result was the experienced REO agents had more and more inventory literally taken away from them. Asset management companies started giving listings to just any agent. What they found out was inexperienced agents the ones that didn't know the ins and outs of the business hurt the business. There is much more than meets the eye with listing a foreclosure home. And these products will teach you all of that.

What is involved in listing the REO Property?

It all starts with the occupancy check. If the proprety is vacate then the property will need to be re keyed. If the property is occupied the company will more than likely offer the occupant cash for keys. This will be your responsibility to approach the occupant and offer them cash for their keys. They will need to leave the property in broom swept condition and be out in a certain amount of days. If they vacate the property and have not left it debris free and the agent releases the cash, you will be responsible for the trash removal cost. This must be highly stressed to the agent because the asset managment company may not make that clear. The inexpericened REO agent may not be aware of this. Trash out cost can be anywhere from less than $500.00 to over $3,000.00

The next step is the BPO. Of course you want to make sure you have a digital camera because you will be required to upload pictures of the property.

In the beginning I did lots and lots of BPO's. The definition of BPO is Broker Price Opinion. This is usually the first place to start. In order for companies to want to use you as a listing agent they need to know you can give an accurate value to the property. This may take some time to establish a working relationship with the companies. I have researched several products and found some that are very good. The first step you'll go through is training. All the forms you'll need to know how to fill out. The proper way to do a BPO. Fannie Mae forms, VA forms etc. They will give you step by step instruction. Once you have the training completed you'll get your certification. Upon certification you'll be on your way to begin the process of listing lender owned properties through the access information of asset management companies email addresses and phone numbers. This information is very valuable because without it you could spend months upon months trying to find this out on your own.

Maybe you want to supplement your income with BPO's.

On average you can make several hundred dollars a week by doing BPO's You can learn everything you need to know in a very short amount of time. If your not sure how to do BPO's I would sugguest you start with this product. <a href="http://penny755.reosecret.hop.clickbank.net/" target="_top">Click Here!</a>

If you think your ready for the sign up process with out your CFS

Here are some sites you can sign up with to get started

https://www.reotrans.com

http://www.fasinc.com

https://www.rrreview.com

https://www.ora-rmsi.com

When signing up there are some things you will need to provide. Different companies will require different documentation. Below is a list of things you will want to have on hand before signing up.

resume

References

License

Brokers license

E&O Insurance

years of experience in REO

How many REO properties listed and sold in the past year

zip code list