ASREOS: PROVIDING THE INSIDE TRACK TO REO SUCCESS

REO Listings are once again on the rise. Why? After a lull in foreclosures, lenders have now determined which homes will be eligible for some mortgage relief under President Obama’s policies – and which ones won’t. In the latter category will be second homes, vacant homes and those owned by real estate speculators. REO sellers are eager to foreclose on the properties that aren’t going to get paid off and convert them into REO listings – and that means a ton of opportunities for anyone wanting to work in this industry in whatever capacity.

I feel fortunate in that I began specializing in REO home sales back when real estate was still booming. I simply was looking for a unique niche for myself and was happy to find it – little did I know this would become a huge chunk of the mainstream home sales market!

But my experience in this field proved invaluable when foreclosures started skyrocketing and REO sellers were desperate for agents, brokers and other REO professionals such as Property Preservation companies. I had the contacts, I knew the shortcuts and I knew how the industry worked.

Being an REO agent isn’t like working with individual homeowners selling their property. Not even close. You’re dealing with huge financial institutions, in most cases, whose offices could be located hundreds or even thousands of miles away from the REO listing in question. That means it’s you trying to communicate with a large company that takes a lot of time to make decisions and lacks “boots on the ground” experience with homes – you have to anticipate their needs and requirements and earn their trust. I’ve worked hard to do just that.

I set up ASREOS.com to share that experience and give every agent and broker wanting to get a piece of the REO pie the knowledge and visibility needed to succeed. And soon I’ll be launching REO RESQ™ at REORESQ.com, so that REO sellers can find reputable franchisees under my banner for all their Property Preservation needs.

Obviously, with this economy, there are a lot of folks wanting to get in on one of the few current sure-fire business opportunities. Many of them won’t get very far, because they don’t know how the system works and they don’t know how to deliver what REO sellers want. That’s why, for instance, I began writing a series of articles on how to prepare a proper Broker Price Opinion (BPO) for REO properties – because many companies aren’t giving detailed instructions, and then they’re dinging REO agents that don’t do them the way they want them.

So please, take advantage of what ASREOS.com has to offer – it can make or break your success in dealing with REO properties.