Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

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

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28498207
No new orders today 13140498
Stupid MLS comments. 3350120
What do you know about Froy Candelario, top agent in USA 1229774
Stupid QC comments and BPO requirements. 1104096
New HUD Listing Brokers---Any Update? 1057840
Is there religious content in Buffini class? 846405
Let's talk about our cars 698921
Name that Flick. Great movie Lines. 623943
Most common items found at an REO 619451
Pay it Forward - BPO/REO Tips & Tricks I & II 614943
REOTRANS 463566
EML 459235
Main Street 444766
asset val seminar in colorado 422968
assist 2 sell or 1 percent realty? 354009
HOMONYMS - There, Their, and They're 329244
Evalonline 300209
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#452164 - 04/27/16 11:53 PM Is it possible to break into the REO business anymore?
Granta Omega Offline
Member

Registered: 04/30/15
Posts: 160
Loc: Cleveland, Ohio
Last time I was in real estate I had 4 of my own REO listings, 3 which sold over a period of about a year and a half. No matter how many companies I signed up for I couldn't get them, and in my market area there are about 5 or 6 agents that are getting all the listings.

I went to some of the lender websites to find out where they outsource their listings to, and most of then state they aren't accepting new applications.

I did about 3 free BPOS for res.net, but it appears to be considered for listings I also will have to pay 700 dollars, which may not even be covered by the commission of one listing.

Top
Advertisements
#452168 - 04/28/16 02:54 AM Re: Is it possible to break into the REO business anymore? [Re: Granta Omega]
Newton Offline
Member

Registered: 04/04/07
Posts: 461
Loc: Ohio, USA
No, not in any kind of practical sense. I'm in the same market area as you and I used to list them too. I got out of it when they started paying less and requiring more. Since then the reo market has tanked. Several years back all the reo agents in your area were busy, now most have moved on. You got a couple agents there (you know who they are or should know) who get a lot and several more with almost nothing. And bpos are all but disappearing as everybody here should realize. It is what it is.

Top
#452177 - 04/28/16 12:09 PM Re: Is it possible to break into the REO business anymore? [Re: Granta Omega]
Granta Omega Offline
Member

Registered: 04/30/15
Posts: 160
Loc: Cleveland, Ohio
I had 3 listings with MD Webb back in 2008-2010, and they aren't in business anymore.

My BPOs were nearly all coming from Land America and Clear Capital, and Land America changed to UTLS and then when out of business, and I haven't gotten a single assignment from Clear Capital since I got my license back last August.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
FlyRN2RE, Go Oxy Magic, marySr3illy, Toska Palmer, Krybowie
30139 Registered Users
Who's Online
4 registered (gwesley, SWFLRealtor, Venturepacific, estatereal), 66 Guests and 3 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Trouble 16
kirastan 16
Z06Fanatic 15
estatereal 12
LuG 11
Mr. Clean 11
RonnieEmz 10
Bigtoe 10
VABroker 9
Vermont 8
cathyCZ18 7
newagent2028 6
sualk54 4
David Hunter 4
Roadfrontage 4
Featured Member
Registered: 05/08/18
Posts: 3
Facebook

How To Advertise Here


This site presented by RNC Internet Services