Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips


Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Topic Options
Rate This Topic
#45013 - 02/07/06 01:40 PM The Process
MD Offline
Junior Member

Registered: 02/06/06
Posts: 7
Loc: Metro Detroit area, MI
The Process. How do you, an REO agent, get the listing? And, what events have happened before you get the house? Is, for example, some of the work done before you get it? And if so, how is that handled? Finally, what is the process once you get it?
I am trying to get "in" with agents like you in the metro Detroit area (for trashout jobs) and I need to understand how things work for them...before I can appeal to them.
_________________________
MD
Customer Relations
800.GOT.A.MESS
www.gotamess.com

Top
#45014 - 02/07/06 01:55 PM Re: The Process
OHAgent Offline
Major Contributor

Registered: 02/08/05
Posts: 2779
Loc: Ohio
Many agents here have more experience than I do, but this is how it has happened for me. The bank/asset management company contacts me regarding the property. As a rule, I am contacted before the sheriff's sale so the only thing I can do at that point is an occupancy check and if the property is vacant, do the interior BPO and have the house re-keyed (maybe a couple of other things depending on the time of year, etc.). Once the sale has confirmed and the lender has control of the property, they might have me get bids for work (including lawn service, trashout, repairs, etc.) or they might have a property preservation company handle that and I don't have anything to do with it. In my limited experience, these things have been done before the property was listed. If you want to work with REO agents in your area, figure out who the agents are that are listing most of the REOs in your area and call them. Good luck.

Top
#45015 - 02/07/06 06:26 PM Re: The Process
lizl Online   content
Veteran Member

Registered: 08/27/05
Posts: 602
Loc: Missouri
As a listing agent, we often need second or third bids for work. Make yourself available to help with those, and eventually yours will be the one chosen.

LizL
_________________________
Broker/Salesperson, GRI, ABR
REO listing/selling
BPO; LMC

Top


Newest Members
GreatLakesBroker, Rich in Medford, AnnaC, VernalUtah, Sparrow
12777 Registered Users
Who's Online
34 registered (barb43, CALIF DREAMING, Calzone, CanDo, Chi-town, 4 invisible), 53 Guests and 7 Spiders online.
Key: Admin, Global Mod, Mod
Search

Shout Box

Good Ideas
Nusetlock.com




Realtor Websites




Sponsors

Top Posters (30 Days)
Mr. Foreclosure 168
Pinehurst RE Guy 135
super realtor 134
Perky_REALTOR 129
TB in TX 122
shana 111
Vermont 106
REODayton 104
CanDo 98
ColoBroker 82
allREOpreserv 81
northtxbroker 67
estatereal 62
Agent 007 55
pikes peak 49
Featured Member
Registered: 11/25/06
Posts: 387

Real Estate Careers, Get Certified. Improve your BPO business., Chicago Real Estate, How To Advertise Here


This site presented by RNC Internet Services