Occasionally when we sell the property we will pay off the loan, but not all of the time.

Here we go again.We need to stop classifying broker/agents as REALTORS.Not every broker/agent is a REALTOR.That doesn't mean they are less competent just that they got tired of paying bloated fees to the old NAR.The real estate commissions for each state give a rat's #ss about the NAR.All they care about is license laws and protecting the interests of the public.REALTOR designation is subscribing to their CODE OF ETHICS.Doesn't mean you have no ethics if you are a broker or agent an not a REALTOR.Theoretically you could also argue banks could lose their shirts not having qualified brokers on the ground level handling their assets.What banks pay is cheap in commissions compared to the infrastructure that would be needed to do everything in house.Whether that buyer buys direct with the listing broker or uses a buyers broker the cost is the same BECAUSE the bank allocates for the total commission payout at the time the asset manager assigns the listing to the broker/agent.It will just be xx percent on the HUD to 1 brokerage or split between the buyers broker and the sellers broker.I am talking about the REO side in general and not short sales,etc.

Occasionally when we sell the property we will pay off the loan, but not all of the time.

I guess you put up with a lot of pitches & hype for the occasional nugget of wisdom that you glean.

You will do deals between 3k-5k in general and 10k and 15k often enough and occasional higher ..if you are lucky.

Though we still occasionally use that verbiage, we've been getting a better response with other approaches depending on the situation.

The key words are, if done properly.I do BPOs all the time and most times there is enough local data available to comp things out pretty well, occasionally you get an odd ball area or house that can throw things off.

Maybe have to rent an occasional grout steamer but tile lasts much longer.

I send out occasionally a property via Constant Contact and I will usually get some people interested.

Mostly Equity with the occasional short sale or lease opt.