REO Software?

[Joel Nielsen]

I am new to the REO game an was wondering if anyone used a software program to gather information about REO's. Often the tapes from the AM's are vauge.

We have been putting these properties in an exel spreadhseet and then hitting Zillow and the county records to fill in some of the missing information such as delinquent taxes, public utilities owing etc.

I have also thought about hitting the REO listing agents to do a lot of the ground work for us. Any other ideas?

Best,

Joel

[Paul Cordero]

Originally posted by "Wheatie":

Second, and more personally, I'd love to hear some clues about how to get on individual REOs more quickly. Many of the good deals I get a listing on are gone very quickly. Almost every REO listing that's a decent deal at the listing price is already under contract before I can get an offer in. If its not a great deal, the bank is unwilling to come down. Then, the lower the price and it disappears instantly. I had one where the bank rejected my offer, then a few weeks later lowered the price below my last offer.

What am I doing wrong?

Jon

Jon, I think you need someone to let you know about the REO before it hits the listing status. If you would like me to keep you informed when I get new files on my desk that meet your criteria, I have no problem with that. Send me a PM and we can discuss.

Thanks,