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Updated about 14 years ago on . Most recent reply

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Can realtors get your REOs?

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Posted

I wanted to know if I have to find an REO on my own, or can a realtor locate them for me? Thanks

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

I have seen few threads here that get jumped on with such marketing expectations as this one! So far, everyone wants to assist, LOL!

You should be able to look at the loacal MLS on line, the REOs are listed and will show up there.

The ONLY WAY you get to a PRE-FORECLOSURE is by working with the homeowner, and the HO and the lender, NEVER through the lender alone, the lender has no say in a deal unless it is a short sale and then, basically only to the extent of an acceptable amount paid to the loan, with conditions.

And anyone who tells you that you don't need to understand your market area, just sit there and buy and I'll do the work, is someone, IMO, you should not just walk away from, but run from! And a "consultant", LOL!

Reminds me of the old joke.....Last year I couldn't spell Kunsultent, now I are one!

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