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Updated about 17 years ago,
How can I get an REO account?
I've recently left the mortgage business and moved on to strictly real estate. I've found that when banks take away almost all your tools, it's difficult to get much done.
My understanding is that bank REOs are the thing to have if a real estate agent wants to be successful in this market. Does anybody happen to know the best way get an opportunity? I've done a few BPOs, but I'm afraid that my prices were too realistic (lower) than the banks wanted, and they've given the REO to somebody else. The market is certainly downward here in San Diego, but banks don't want to hear that.
Any suggestions would help.