REO's

[Alex Locklear]

I want to go after REOs that are currently not on the MLS.

Does anyone have experience contacting banks about properties they aren't actively marketing? If so, have they worked with you or are they not marketing these properties for a reason?

[Jeff Warner]

Originally posted by Alex Locklear:

I want to go after REOs that are currently not on the MLS.

Does anyone have experience contacting banks about properties they aren't actively marketing? If so, have they worked with you or are they not marketing these properties for a reason?

Local banks, if any would be your best bet. Countrywide, Citi Bank and Wells Fargo are too damn big and there is no telling how to get the right person on the phone.

I've just started to dig back through the MLS for my area and I've noticed 2 agents, one in particular that seems to have TONS of REO listings. I have not contacted either of them yet but I think these guys are getting listings directly from the banks. This is just a guess but I think I will have to prove that I'm not wasting their time and actually close a few deals with them before they will send pre listed property my way.

That's the only way that I can think of, anyone else have idea's?

Jeff