Hello to all,

I’m a real estate agent here in the N.Y.C area. I’m very interested in obtaining REO listing from banks but have know idea how to get started. I’m familiar with a few websites such as REO Network but I do know they prefer agents with some experience. I been agent now for 2 years, and had my appraisal license for 2 years prior to my sales but did not renew it. I really want to become a REO agent and would appreciate any info to get my foot into this industry. I don’t think anyone on this board is in the N.Y.C area so I wouldn’t be any competition to anyone on this great board, so please feel safe sending me some really great tips. If you prefer to email me please do.

Best regards,

Are you doing BPOs? That is the first step in getting REO properties. Do LOTS and LOTS of BPOs. That will get your name out to the asset managers.

Do a a lot of reading on past posts here - I mean days of reading. You will find companies to sign up with.
Good luck and best wishes

Makin’ Money,
Thank you for your response, I really appreciate it. I guess my first start is to sign up with as many bpo companies or asset mangers as possible in the N.YC area. If anyone else can provide any pointers to help me start off or websites who provide bpo request. It would be much appreciated. In the mean time I will do an intensive such on google. If come across any info that may help agent online community, I will surely post it.

Thanks,

You can find dozens of BPO sites here by reading the subject headings. That's how I started. A simple Google search using terms such as BPO, REO, asset management, etc. will yield about a hundred companies.

If you need a list of BPO companies, do a sear for "Real Deal" and "Real REO Deal", you'll find a link to his website... give him a call and ask him for his list, he'll help ya... I think some folks have sent him $1 for postage.

He helped me get going.

me too!

Thats funny....

What the hippy meant to say was "That's funny... he helped me too."

Right hippy?

I emailed him and got a pretty poor response. I would not recommend contacting that person.

You must not have sent him your dollar first.

I work in NYC so you have got to do your leg work.

Don't forget postage went this week! Throw in another quarter.

Real Deal actually set up a meet and greet for me with one of his best clients. And it was in his area! I ended up taking all the business and you know what he said about it?

"Good for you!"

But seriously, send the dollar first. This isn't a charity.