[REOKing]

Try REOticker.com I'm signed up with most of them but this one has the best platform.

King D.

[RalphNudi]

What exactly is REOTicker?

I went to the website but it just looked like an advertisement instead of network

[gibex]

REOticker.com is a web-based community where professionals nationwide meet to seamlessly facilitate transactions during the REO lifecycle.

- from their site (kinda new)

[RalphNudi]

haha ya I saw that but that is just a mission statement full of buzz words that don't mean anything...is it something you sign up for, pay for, free, get listings, subcontract listing tasks...

I just don't understand

[REOKing]

Not sure all of the things reoticker.com does but I use their reo management software to keep me organized. I also got a few listings from them last week.

its good stuf.

[REO Wizzard]

I have had really good success soliciting the Asset Managers directly with the info from REO Intelligence. They sell a database of the direct contact info (email and phone) to the REO Asset Managers at like 45 companies. This totally beats registering on directories and hoping they find you.

[gibex]

it's worthing? what is the price?

[REO Wizzard]

The whole database is like 2k. They give you like a thousand total contacts separated by company and job title in an excel document. All companies have asset managers and some have VPs, REO Managers, Vendor Managers, Pre marketers, etc as well.

You can also buy individual company contact lists if you are only intersted in a couple companies. I started out with 3 companies to test them out and then upgraded to get all the contacts. Very few invalid emails. I would say its definately worth it. I'm not affiliated with them so I am not pushing it on anyone. Just my opinion. I have gotten several listings from the info so far, which will more than pay for the investment.

Plus I canceled my monthly fees on a few directories that were getting me no business. Why wait for the AMs to find you among all the other agents in your area when you can contact them directly.

[L_King]

I am a Realtor in Fairfield, California near the San Francisco Bay Area. I currently due BPO's but my goal is to list REO's like everyone else..(lol) I am currently helping out with all of the day to day dealings with REO's so I have the experience. So if anybody outside of my area can help me get connected with a few AM's I am willing to give up a referral fee on every listing for a period of time.

I hope this posting is not breaking any rules... I'm new to all of this

[REOKing]

Originally Posted by Lanaki Kine

Can anyone give me guidance on the best way to solicit listings of REO/forecosure properties from lending institutions? I have spent countless frustrating hours on the phone with corporate offices of banks with very limited success. I have been doing bpos for mainly 2 companies for years, and no real leads have panned out from that. What is my best bet for soliciting thes listings? Most of the web searches I have done involve pay sites involving list of repos that are already listed.... Can anyone give me some informed guidance?

Do a google search for reo listings and a bunch of companies should pop up..countrywide, BOA and others. go to their sites and sign up. No guarantees but the more you get your name out there the better your chances are going to be. That's how I got started. you can also try reotranz, you'll eventually get listings but thier platform is crap. also try reoticker.com and reotranz. ticker has the best platform i've ever seen and reotranz, although i get good business, the platform is junk.

good luck.