Upcoming Foreclosures

I am a realtor and how can i sell bank owned properties(reo)?

Public Comments

1. they are in the MLS so what is the problem? Are you asking how you can get banks to list their REO's with you? I tried that several years ago and it was a lot of work and very little money. I would not like to do that again. But if you do then go talk to the banks and keep talking until you get somewhere. I would try small banks first because they will be more likely to work with you.
2. One good way to get in with the banks is to sign up to do BPO's (Brokers Price Opinions) for them. It is basically, a realtors apprasial of the home or a CMA. Banks do them for forclosures, short sales and equity lines apps. They pay in the range of $30 to $100 for a BPO depending on the scope of the project. i.e. Drive-by or walk-through. After a while you might be given and oppurtunity to list a forclosed property. Check out banks and other financial lending services. One good one is Clear Capital