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Updated about 6 years ago on . Most recent reply

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9
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Sam Drizin
  • Real Estate Broker
  • Manhattan. NY
2
Votes |
9
Posts

Bank Reo information

Sam Drizin
  • Real Estate Broker
  • Manhattan. NY
Posted
I'm looking to get into Reo where would I be able to find the bank and the person at the bank who has the power to sell?

Most Popular Reply

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1,932
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Ron S.#3 Foreclosures Contributor
  • Paradise, CA
870
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1,932
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Ron S.#3 Foreclosures Contributor
  • Paradise, CA
Replied

As an asset manager, the REO agents I work with are the ones that bring a purchase offer in on one of my REO's. That shows me they are hungry, and can get the business. The ones that come in and introduce themselves without a purchase offer, asking for my listings, are the ones I put on a list to not use. Anyone can list a property. Not anyone can bring a purchase offer in. If you want to build relationships with an asset manager, that's how you do it best in my opinion.

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