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How do you find the REO Asset Manager
39 posts by 27 users
Scott F.Real Estate AgentMinneapolis, MN 
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Even though this is a realtor question, I am hoping this forum can maybe shed some thoughts on this topic. In the Minneapolis/St. Paul, there are about 5 Realtors that have 90% of all the REO listings. They developed relationships long ago with the asset managers at the banks and simply have new listings faxed to them every day. I am understand selling REOs are tough because of the upkeep of the property during the listing, but if I could get 1-2 per month, my kids could get that GI Joe action figure they always wanted How can I find the REO Asset Managers at the bank and get them to give me shot at listing/selling one of their properties? |
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Neil P.
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Scott, you can go to a data base site such as jigsaw and pay a $ for contact info. Look carefully under Financial Institutions, then Banks, and look for Special Asset Mngrs or Reo Mngrs. You get full details including phone and email. For small nos go for the small to medium banks. Believe it or not lots of small banks have Reo's, but may not have dept managers...Guess what. Get the Ceo info and ask for his/her exec asstnt. best of luck.
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John C.Real Estate Investor
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Neil, Great suggestion re: Jigsaw. If others are interested you can reduce the cost to zero or a trivial amount by contributing contacts. Just check out the rules on the website. Jigsaw is more similar to LinkedIn than BP. Not designed for RE investing but definitely an effective tool if someone has put in the contacts you need. John Corey |
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MargosC
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Should you find one can you add me to your list? Thanks. |
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mgorjestani
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Did enyone ever get this list of asset managers?? I could use it! Let me know!! |
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Scott F.Real Estate AgentMinneapolis, MN
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Nope. |
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Mark A.Residential Real Estate AgentCA 
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Hi ScottFicek, Nice to meet you. Another avenue you might approach is seeking out local wholesalers and get to know one or two. Build the relationship, ask questions and you might be surprised at what develops. Do you have a local REI club you can attend? If so, attend! Ask around about who is doing what you want to do. The people doing well are known and shouldn't be to hard to find. Good luck! Mark |
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Mark A.Residential Real Estate AgentCA
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Whoops! I didn't realize you were a Realtor. I misunderstood. I thought you were purely an investor looking to buy REOs. In reality, you are looking to pick up listing inventory. EDITED BY MODERATOR Mark |
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CapitalAEnt
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i began my search for asset mgrs yesterday. let's see how far i can get... |
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jwmcintire
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if anyone finds a contact or a list of contacts i would also be interested in building that side of my network thanks,
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Calixto U.Real Estate InvestorLos Angeles, CA 
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dbforum29- Do you think you could get anything in Los Angeles CA?
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jwmcintire
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I am in LA, are you looking for REO property in the Area? i may be able to help you put something together Josh |
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Jonathan W.
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I am looking for REO properties in Los Angeles. What is your contact information? Not in profile. |
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jwmcintire
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i updated my signiature, i'll double check it now...i guess we can't put contact info in threads...updating now Josh |
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Peter M.Residential LenderLadera Ranch, CA
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I'd be interested in talking with you about your contacts, as well. I am interested in properties in the LA area |
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Julie S.Residential Real Estate BrokerPalm Coast, FL 
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Would love to get any help on finding contacts in Flordia. |
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William H.Real Estate InvestorMemphis, Tennessee 
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Julie,
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Susan F.Residential Real Estate AgentSan Bernardino, California 
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Concerning REO listings,I have a friend who is receiving about 5 listings a week, she started with BPO's and decided to try alternative avenues in creating REO business.One way she has produced business is through attending REO Conferences where asset managers network,this is the REOMAC and the FIVE STAR conferences I plan to attend the REOMAC which is coming in the spring this year in CA and hope to network with success! |
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Remy G.BankerLyndhurst, NJ
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I am also in the need to find some asset managers. Have investors looking for nationwide properties... Any help or pointers are greatly appreciated.. |
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Ken L.Real Estate InvestorCA 
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I represent clients in the acquisition of bulk REO. I would love to be able to get in contact more with the Assett managers. Let me know how your experiences are. Or if you have any product to offer me and my clients, feel free to contact me. |
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Posted: 08/23/2007 at 07:54PM
