How To Register To List Hud Homes

Final Updated on February 17, 2022 by Marker Ferguson

Deciding to become an REO or HUD listing broker was non easy for me, but it was i of the best decisions I e'er fabricated. Earlier I was an REO agent, I struggled to find my niche in real manor. I did not like showing houses and calling people I did not know. Selling REO properties for banks provided me with a way to brand money selling houses without cold calling people or even showing houses to buyers. I created a steady stream of business organization listing services from banks, and I eventually began list HUD homes as well.

I have sold over 500 houses over a three-year period thanks in nearly part to REO and HUD listings. I was able to rent an assistant, and then I hired another assistant, and my career took off. I now own a real manor brokerage (Blue Steel Real Estate), ain 182k sqft of rental backdrop, and complete fifteen-30 fix and flips a year. At that place is no way I could exercise all of this without finding my niche in real estate through listing REO and HUD homes.

To acquire how to become an REO amanuensis check out my REO and BPO starter kit.

How hard is it to become an REO or HUD listing broker?

Condign an REO listing agent takes fourth dimension and hard work; information technology will not happen overnight…or in i calendar month…or maybe even a within year. It took me about six months to start getting REO listings after I first decided to go after the business. It took me nigh 2 years to become enough listings to know I had institute my niche and could focus my career on REO. Not only does it have time to become an REO amanuensis, but it also takes work. You have to be willing to handle rejection considering this is a very competitive field. You have to be persistent. and it will price coin to get started. The key to existence successful every bit an REO agent is networking, going after the right companies, and not giving up.

Below is a video of me heading to a new REO assignment.

What is an REO property?

REO stands for real estate owned and is the term banks utilise to describe homes they have repossessed through foreclosure. A dwelling goes through foreclosure when a homeowner stops making payments or gets backside on payments on the loan they take on their firm. In some states, it tin can take a few months to foreclose, and in other states, it tin take years. Once a home goes through the foreclosure process, the banking concern owns the dwelling and can sell it. An REO agent is a list amanuensis who sells REO properties for banks and nugget managers. The nugget managing director is the main contact between the listing agent and the seller.

HUD homes are foreclosures that the authorities owns. They went through foreclosure simply they had FHA loans which the authorities insures. The government oftentimes, but non always, takes back FHA loan foreclosures.

How did I become an REO amanuensis?

I accidentally found the world of REO when an asset managing director called me up and randomly asked if I could do a BPO. I was not certain what a BPO was, but I looked into information technology and agreed. A BPO is a broker price opinion and is like an appraisal just is completed by a real estate agent, even so it's not as detailed equally an appraisal. I completed the BPO and and so looked into BPOS and REOs. When yous complete BPOs, they are unremarkably used to value foreclosures that banks go back when the owners can't make the payments whatsoever longer. In that location was actually an REO amanuensis in my function at the time, but I never paid much attending to what he did. After learning about REOs, I was really excited. I worked for my dad at the fourth dimension, and I was telling him how dandy it would be if I could list REOs. I could fifty-fifty tell the banks nosotros would purchase the houses from them straight if they did not want to list them and wanted to sell them fast. I was wrong most that: it is a big no-no to buy your own listings as an REO agent.

I got out of my comfort zone big fourth dimension to go an REO agent. I cold-called every bank that I knew had foreclosures and asked them how to list their properties. Many of the banks did not give me any useful data, merely a few did. I learned that I needed to sign up with the asset management companies, not the banks. I signed up with asset management companies, joined trade organizations, took REO training, and I went all in. The more I worked, the more BPOs I was getting, and eventually, I got my offset REO listing. I could not believe it when I read the email subject line. It said something similar: new REO assignment. I opened the e-mail, and it was a new listing assigned to me. I had no idea what to exercise, merely they gave me a ton of tasks to complete. I needed to:

Prepare g maintenance.
Get the firm rekeyed.
Complete a BPO.
Fix a trash out.
Become the house cleaned.

I was young and motivated, and so I idea I should consummate the trash out, mow the backyard, and do every bit much work as I could. Later, I learned that I was not supposed to do any of the piece of work myself. In fact, I was prohibited from doing information technology. Oops. I sold that house, and I started to get more and more listings from dissimilar companies. It was a lot of work, merely I loved the piece of work. I did non have to hold open houses, testify houses to buyers, phone call cold leads, or talk to strangers all twenty-four hour period. I could exercise well-nigh all of my work through email, I got to drive around all 24-hour interval, and I had a steady income from all the BPOs I was doing, let alone the REOs. I built the concern upward more and more until I got the HUD business relationship. And then I was selling 200 REOs per year, working for more than 30 dissimilar banks and asset management companies, and having a nail.

I highly recommend Real Estate Express to go your license. Existent Manor Express offers classes in about states and has some of the lowest prices for real manor classes. Mulitple agents in my office take used them and honey information technology.

How does a real estate agent handle REO listings?

I used to sell a lot of REOs. When I receive an REO listing, I get an email that says "new REO assignment" or something to that effect. All the instructions are in emails, an attachment, and online. I rarely talked on the phone to the banking company or asset direction company who sent me the listing. Most all of our communication was through electronic mail, and I got a steady stream of listings without having to cold call, hold open houses, send out mailers, or brand sure I am available to answer every single incoming phone call.

I also completed many BPOs (broker toll opinions) for banks and asset direction companies that as well require very lilliputian contact. I received the BPO order, consummate the social club, go paid $40 to $100, and move on to the next orders. Information technology is non but me that prefers to complete work online with minimal distractions: most banks prefer email and quick advice every bit well. Once I got into the REO and BPO globe, I knew I had found the perfect fit!

Over a 3-year period, I sold over 400 REOs and HUD homes. I have been a Realtor since 2001, and I specialized in REO from 2008 to 2014. I survived every bit a traditional Realtor, but I excelled as an REO listing amanuensis. Like virtually things that are rewarding, information technology is non easy to list REO properties. Information technology takes time, persistence, money and difficult piece of work to become an REO broker. If you are able to put in the piece of work needed to get a successful REO broker, the coin is great and the freedom of being a real estate agent is hard to beat.

How much money exercise REO agents brand?

The amount of money you lot can make when you list REO properties is highly dependent on experience and work ethic. I sold from 100 to 200 REO listings a year multiple years in a row. The average committee I received from banks on an REO property was around 2.five percent, and HUD pays listing agents a three percent committee. My average sales price was about $120,000, which means I fabricated more than $400,000.

Remember—that is not all turn a profit. I have to pay staff, registration fees, marketing, role bills, insurance, and money to my banker. But even after expenses, REO listings offer an incredible income. That is just the money I fabricated off the REO listings themselves, which does not include other houses I sold or BPO income. Information technology is much easier to sell traditional houses and run a real estate squad when you list that many properties. I earned hundreds of thousands of dollars a year in profit from my REO business, and REO listings too provide groovy leads for buyers.

I brand money in many other means also the REO properties I list. I also complete one,000 fee BPOs (broker price opinions) per year. Those BPOs average about $50 per BPO and add some other source of income on tiptop of the REO income. I don't complete any fee BPOs myself, I have my staff handle them as I simply don't have time to do everything. If y'all want to list REO backdrop, yous will have to hire help at some point to handle the work and proceed y'all from going crazy.

There is another source of income when y'all listing REO properties. When you accept a lot of listings that are priced well, like HUD and REOS usually are, you get a lot of buyer leads. We have buyers calling us all the fourth dimension on the properties we have listed. I don't handle buyers myself, but I do have agents on my team who I give those leads to. When they sell a house, I become a cut of their commission.

Investing in real estate and being an REO amanuensis

A lot of people assumed I had a huge reward as an investor when I was an REO agent. They thought I got commencement dibs at the houses I listed. The truth was the exact opposite. I was prohibited from buying any of my own listings and even prohibited from buying whatever properties from some companies I worked for. I was not immune to buy any HUD homes, and neither was my family unit or fifty-fifty other agents in my office!

What does an REO broker do?

REO stands for Real Estate Owned and is the term banks utilise to draw properties that went through foreclosure and the banks ain. Many traditional agents tend to think listing REO properties is a pretty like shooting fish in a barrel job: become listings, put them in MLS, submit offers, and collect a check. The truth is when y'all list REO properties, it is a lot of work! Working with banks is much different than working with a traditional seller. REO brokers are working with out-of-state sellers who never see the belongings. Nosotros have to be the eyes, ears, and nose for the seller. Here are some of the items y'all take to do when you list REO properties.

1. Drive a lot to inspect the properties

An REO agent has to constantly inspect properties. Most likely, the properties are vacant and have a amend adventure of being vandalized than an occupied property. Well-nigh banks and HUD (section of housing and urban development) require weekly inspections on properties. They also require an initial inspection to exist completed on the property within 24 hours of the belongings being assigned.

two. Handle maintenance and repairs

When you listing REO properties, the banks will expect you to hire contractors to maintain backdrop and complete any repairs. This includes re-keys, winterization, yard maintenance, and in some cases, total rehabs. When doing sure repairs, nosotros have to get at least two bids, and sometimes three, earlier the piece of work can be done. If the work is going to cost more than the bid, nosotros accept to go prior approval earlier any additions can be made. We are not allowed to employ any friends or family for the work being done.

3. Front a lot of money

Many banks also expect the REO agent to pay the contractors for any piece of work done. The REO banker then has to submit invoices with proof the work was washed (before and subsequently pictures) to the bank and wait for the bank to reimburse them. An REO agent can have $ten,000 or more than in outstanding invoices per property! Many REO brokers have problems with banks not paying back reimbursements in a timely manner or at all. We have to go along very good track of invoices and make sure we are getting paid back. Some banks even accuse usa processing fees for paying their bills for them.

4. Handle repairs and maintenance

Banks crave an REO agent to be knowledgeable near the repairs needed on a property and the price to repair. Whenever I receive a new assignment, I have to walk through a firm, notation any items that need to exist repaired, accept pictures, and so calculate the toll of those repairs.

v. Accept a lot of pictures!

I have to accept pictures of everything! I have to have pictures of every room, each exterior side, the 1000, accost, street scenes, and sometimes, neighboring properties. Most pictures have to be date stamped, simply listing pictures should not be date stamped. I literally take thousands and thousands of pictures on my estimator.

6. Know how to consummate BPOs

A BPO, is a broker price opinion and is like an appraisal just performed past an agent. A BPO consists of sold comps, active comps, subject details and commentary explaining all about the subject, comps, and values. The banks require comparable backdrop to be within a certain historic period, square footage, and distance from the subject. They also prefer like bedroom count, style, and condition. Many forms volition also require adjustments to exist fabricated for any differences betwixt the subject area and the comps. Whenever I list REO properties, I also take to consummate a BPO on the property.

7. Know how to handle cash for keys and evictions

One of the most difficult jobs when you list REO properties is completing cash for keys and evictions. Greenbacks for keys occurs when a banking concern forecloses on a property but the previous owners or tenants withal alive in the property. The depository financial institution will usually offer the occupants a certain amount of money to motion out in a certain amount of time. Many times they volition offering twice the marketplace rent for a property to motility out in 30 days.

When the occupants motion out, they have to accept all personal belongings and clean the habitation. If they practice non clean or remove everything, the REO agent is not supposed to pay the occupants. If the REO agent does pay the occupants and the home is not clean, then it is possible the bank will charge the agent for cleaning! If a cash for keys agreement can't be worked out, the bank will evict. The REO broker has to coordinate the eviction with the sheriff and make clean-out crew. The REO banker has to exist there for the eviction and to oversee everything.

viii. List a lot of properties

Finally, we get to listing REO backdrop! When we get a listing from the bank, they give u.s.a. 24 hours to list it in MLS and send the MLS sheet back to the bank. Most banks accept certain wording they want in MLS to convey to the public or other agents. We are supposed to write a detailed marketing clarification and care for the listing as if the bank were a traditional seller who wants the habitation portrayed positively. We have to upload multiple pictures, room measurements, and other pertinent information. Some banks will require the sign and marketing materials (flyers) to be at the property and pictures sent to the banking concern within 24 hours of the listing agreement existence sent.

9. Submit a lot of offers

If a home is priced right, we ordinarily get offers correct away, and we sometimes receive multiple offers. The seller loves multiple offers because they can endeavor to go people into a behest war. The REO broker sees a lot of piece of work ahead when there are multiple offers. With each offer, the agent has to submit either the entire offer or the terms of the offer to the banking concern depending on the system the bank uses. In one case an offer is submitted, we wait for the banking concern to reply, and we convey that to the buyer's Realtor. When nosotros get multiple offers, we have to submit those to the banking company and so send out a multiple-offer class to all agents involved. We then await for new offers to come in and resubmit all the offers once again. Depending on the arrangement the bank uses, it can take from v minutes to 20 minutes to submit an offering. It is really fun to submit 25 offers on a property!

10. Handle inspections and appraisals

With many banks, the REO broker is responsible to go the water and all utilities on for inspections and appraisals. We have to meet the urban center or utility company, get everything turned on, so accept the property re-winterized if it is during the winter months.

11. Know about closings, loans, etc.

During the under-contract phase, the list agent has to update the depository financial institution on the buyer'due south loan process, inspection, appraisal, and any other issues that come up. If there are appraisal requirements, inspection requirements, or lender problems, nosotros have to communicate with the bank and buyer's agent and come up with solutions. Many banks won't make repairs, even for appraisal requirements. In those cases, the home goes back on the market place, and the entire process starts over again.

12. May or may not be at the closing

We made it to closing! Some banks crave the REO broker to be at closing, and some do not. I prefer not to be at that place due to the time it takes since my closings range from across the street to 50 miles away. I tin besides do more than to solve a problem at my desk-bound in the office than I can at endmost. After endmost, we have to go our lockbox, sign, take utilities out of our name, and go all invoices into the bank ASAP.

13. Have to work on strict timelines

The last thing to know and the most important when you list REO properties is the bank's timelines. Each bank has different requirements for when tasks are due, but it is very of import that the tasks are completed on time. I usually become 24 hours for the initial inspection, 48 hours for BPOS, 24 hours for MLS sheets, 72 hours for HOA info, and there are many, many more tasks. If yous do not consummate tasks on time, the bank will detect someone who does. There are a lot of agents looking to get into REO, and the banks practice not have to wait far to detect a replacement.

15. Have to teach other agents

Yes, I am also a teacher too every bit a lister of REO properties. As a HUD list broker, I am required to teach at least one class a month to agents, buyers, and the public. My classes for agents are really canonical for continuing education credits for real estate agents. One of my biggest jobs is educational activity agents how to submit offers through the HUD system.

sixteen. Have to communicate well

Communication is huge for an REO broker since nosotros are on call vii days a week. Asset managers will call or e-mail the states at all times of the twenty-four hour period and on the weekends if they need something. It is expected that we get back to them within the same twenty-four hour period if not inside a couple of hours of when they contacted us. At that place are many weekends that I am working considering I received a new consignment on Friday or Saturday night. I have 24 hours to consummate tasks, not 24 concern hours. I also have many buyers and agents contacting me all the time. I have to be skillful on the phone, even though I try to get people to email me as much as possible.

What are Broker Price Opinions?

It is important to know what a BPO is. BPO stands for broker toll opinion, and all REO agents must know how to complete them. A BPO is like an appraisal simply less detailed, and you lot practise non have to be an appraiser to complete ane (in virtually states). Completing a BPO is part of the task when listing REO properties for banks, and the better you lot are at BPOs, the more than likely it is you volition get more than REO listings. A BPO helps a bank decide what a property is worth and what they should listing it for. In that location are likewise companies that pay agents to consummate BPOs, only these BPOs may or may not lead to REO assignments. These BPO companies will pay from $thirty to $150 for each BPO.

I completed over one,000 BPOs a twelvemonth at one fourth dimension, and information technology was a great secondary income source for me. To consummate a BPO, you have to accept exterior photos or interior and exterior photos of a business firm. Y'all take to complete a written report on the firm, which takes me or i of my assistants about 30 minutes. When you first showtime doing BPOs, it may take much longer to complete a BPO. Non only can completing BPOs help yous earn actress income, just they can also help yous go REO listings.

Some banks will have fee BPOs and REO listings. When they need a new amanuensis to list REOs, they will await at who is doing BPOs for them first. When you complete BPOs for fee-based BPO companies that exercise not accept REO listings (these are often chosen BPO mills), you lot yet may become exposure to banks. Those BPOs are somewhen seen past the banks and nugget management companies, and they will run across your name every bit the person who completed the BPO. When I started in REO, I signed upwardly with every BPO company I could and completed every BPO that was sent to me.

How to consummate a BPO.

How do you start list REO or HUD backdrop?

The tricky office about listing REOs is most banks and asset management companies want experienced agents to listing their backdrop. That means the banking concern want agents who have listed REO properties in the past. How do y'all start listing REO properties if the banks and asset management companies only want agents who have sold REOs?

Eventually, agents who take never listed REOs volition take to be hired because experienced REO agents retire or quit the concern. There are ways to go experience with REO and HUD properties without listing them. To get experience with REO properties, y'all have to sell REOs and HUD homes to buyers. The more REOs and HUD homes you sell, the more experience you will have working with banks. The more BPOs y'all do, the more experience you lot will have equally well. A depository financial institution is much more probable to utilize an agent who has feel with BPOs than someone who does not. It is non easy to interruption into the REO business concern, but if you lot have experience with BPOs and selling HUD homes and REOs, information technology will be much easier.

Before you beginning trying to become REO listings, you take to exist prepared

If you remember a bank or asset direction visitor and enquire for an REO listing, there is a adept run a risk they may not talk to yous, simply if they exercise, you have to exist prepared. They will want to know what experience y'all take, they will want a resume and they volition want a copy of your E and O insurance, real estate license, W9, and other documents. You desire to have all this information fix to go in an REO packet.

I have spent years perfecting my REO packet, and I have dissimilar configurations depending on what client I am targeting. When HUD asked me for an REO proposal a few years ago, my completed package was about 50 pages long! Other banks may desire a elementary resume, and some will want much more than. You have to exist prepared with at to the lowest degree the basic documents and insurance requirements if you desire REO listings. When you do get an REO list, you likewise have to know what you are doing. Banks and asset management companies accept strict deadlines and wait quality work and fast communication. The last thing you want to practice is get an REO assignment, take no thought what to do, and lose the client.

Below is a video of me going to a HUD consignment.

How do you lot detect banks, asset direction companies, hedge funds, and other companies?

There are many websites, many REO organizations, many banks, many asset management companies, and many hedge funds in the REO manufacture. Almost of the websites will claim to get y'all REO listings simply for signing up and paying them. These sites are by and large worthless, simply a few are worth spending coin on, and a few more are free.

I signed up with one site when I started that immune me to work with three new clients in my start yr just by being on that site. I also vest to multiple REO groups that do accuse and some that do not. There are many asset direction companies that have listings and many that do not or take gone bankrupt since the last crash.

At that place are some unscrupulous companies that claim to have listings that exercise not and will rip you off. There are many tricks I take learned over the years to detect the companies that do have REO assets that volition aid you get listings and how to avoid the bad companies. Unfortunately, I cannot disclose that information on a public website because many of those companies practice not want that information made public (the expert and the bad). In my REO and BPO starter kit I include the 35 + companies I list REOs for and many other companies I know take REO assets. I also include a listing of the BPO companies I piece of work with that you can sign up with. I hash out how to put together an REO packet, how to contact asset managers, and how to get your proper noun seen over and over in the industry.

Why would it exist a good time to get an REO amanuensis when REO inventory is depression?

I was selling REOs when at that place were a lot of foreclosures. When there were a lot of REO properties, there were a lot of real estate agents trying to get REO listings. There was an incredible amount of competition, and it was very difficult to become an REO amanuensis, fifty-fifty with a lot of REO inventory. At present that at that place is less REO inventory, there are much fewer agents trying to become REO agents.

When there was a lot of REO inventory, the asset managers who handle the backdrop for the banks were swamped with piece of work. They didn't have time to rent new agents unless they had to. Now that there is less inventory, the asset managers have time to talk to agents and maybe add new agents to their network.

Listing REO properties does not happen overnight. It takes time to build upward the business, and working with ane bank is normally not going to requite a real estate agent plenty inventory to be successful. The best way to get into REO is for banks and asset managers to see your name and face at conferences over and over. The sooner yous beginning marketing yourself as an REO agent, the sooner y'all will become REO listings.

Are banks hiring new REO agents?

If an agent calls a bank or nugget management company and asks how to list REO properties, the bank volition say our network is total and we aren't hiring new agents. This is how the bank weeds out who is serious and who is trying to get some easy listings. I started listing REOs in 2007, and near every company or depository financial institution told me they weren't hiring REO agents. Yet, I have listed REOs for over 35 companies even later they said they weren't hiring new agents, so don't believe them!

Banks are e'er looking for new agents considering their current agents are retiring, changing professions, or screwing up. Banks are also looking for agents to comprehend rural areas because there are unremarkably very few, if any, REO agents in rural areas. Many times, REO agents from 30 miles or further are asked to embrace rural areas. Banks are always hiring new REO agents no matter what they say.

Volition REO inventory increase or decrease in the future?

The amount of foreclosures in the The states is constantly changing. REO inventory goes upward, goes downwards, so back up again. Fifty-fifty though REO inventory is down now, at that place is a very good gamble it volition be increasing again. The big question is when will information technology increase: 6 months, a year, two years, or longer? The sooner an REO amanuensis starts pursuing business from banks, the better positioned they will be when REO inventory comes back. No one really knows what will happen. A few years ago, many REO experts predicted we would be hit with a tsunami of REO inventory, and REO inventory actually went down.

Why did I finish listing REO properties?

Being an REO agent was not all fun and games. At that place were problems with the business also:

I had to drive a lot, sometimes hundreds of miles per solar day.
In that location is a lot of busywork involved with the paperwork, BPOs, contracts, and listings.
I had to forepart a lot of the costs for the repairs and maintenance on houses. Sometimes, I did not go paid back and even had to pay fees to get paid back!
There are very strict timelines you have to complete work within. I could not take many breaks from piece of work.
Y'all take to deal with some very large corporations and politics.
Some of the asset management companies and banks kept reducing commissions and fees they paid on BPOs.

Fifty-fifty with these challenges, I still loved the concern, especially HUD. I was an awesome HUD agent, did training for other agents, traveled to run into my asset managers, and did my all-time to promote HUD. One trouble with HUD was they would re-bid the HUD contracts every few years. I was really tight with a couple of the HUD companies, but a few years ago, one company was given all the HUD listings. That company was Pemco, or Sage, when they renamed themselves.

While I was the only agent approved by them within 30 miles of my market, they would non give me listings. They could not communicate with me, and they did a much worse task list their houses than the other companies I had worked with.

Pemco/Sage had an amanuensis that listed houses in my area who was 55 miles away. The rule with HUD was that agents needed to exist within 30 miles if possible. This detail amanuensis claimed his broker was 5 miles away from me, fifty-fifty though the function he hung his license with was 55 miles away and non associated with the other office. I accept no idea how Pemco allowed this, simply they did. I was hesitant to practise so, but somewhen, I mentioned this fact to them, and they never responded to whatsoever of my inquiries. Fair or not, this completely frustrated me an made me realize how little control I had over my business.

This all happened when REOs started to disappear from our surface area. I was disappointed in Pemco, but it was not the end of the globe because I could see REOs were non going to be a huge office of my business concern. I stopped going later on REO listings and BPOs, and I focused on my ain investing. I had control over what I bought, rented, and flipped. I did not have control over what REO listings I did and did not become.

How did I evolve out of the REO listing business?

When I was selling a lot of REO listings, I was doing other things likewise. I was flipping houses and building my real estate team. While I was not the most amazing traditional real estate agent when I was younger, I knew how to sell houses. I knew how to teach people how to sell houses, and I became a better agent equally I got older. I created a squad of traditional real estate agents, and I focused on my own investing. I did not think foreclosures would about completely disappear every bit they have in Colorado, but I approximate information technology was smart of me to aggrandize my business organisation.

I can say that there is much less stress in my life when I accept consummate control over my business organisation. I am not relying on a corporate visitor to determine what listings I do and do not get. If I make a mistake when I flip houses (which I exercise ofttimes), it is all my error. I take complete responsibility, and I know I tin fix information technology in the hereafter. While I loved listing REO properties and HUD homes, I practise not miss it. I honey the way my business runs now, and I did not update my real manor information with the REO companies I had previously worked with for 2018. Every twelvemonth, I had to update my E and O insurance, my license info, and my liability insurance with every company I worked with. I am still getting emails from companies telling me my information is not updated! I too renounced my HUD listing broker status, which allows me and my office to buy HUD homes at present.

Some other thing that being an REO agent was holding me dorsum on was starting my own office. When you lot work for asset management companies, most of their agreements are with the managing broker of an office, not the agent that lists the houses. If I would have started my own office at the height of my REO business concern, I may have lost many of my clients. Now that I do not care about REO listings, I am free to start my ain office, which I did.

Conclusion

It is non like shooting fish in a barrel to become into the REO business organization. It takes hard piece of work and time to outset getting listings. It takes even more hard work and time to become a lot of REO listings. It is true that REO is down in most parts of the country, but this may be the perfect time to first listing REO when there is not as much competition. REO ever moves in cycles; it may be down now, only it will be back once more. If you want some help breaking into the manufacture, I suggest you lot check out my REO and BPO starter kit.

Source: https://investfourmore.com/how-to-become-an-reo-or-hud-listing-broker/

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