Re: Seeking REO/Forclosure listings
I worked at Keller Williams Realty for 4 years with an agent and all she did was foreclosures for Banks and Relos. She made quite a bit of money but it came with lots of hard work. You usually contact a bank fill out paperwork and get on thier preferred list once a spot opens up. Laura always had a headset on and was pretty much behind the desk answering the phone all day. Banks want a full time staff handling their stuff and a quick responder too. We do get 3% here in Texas but you may only get paid $50-$100 for the BPO, especially if the banks goes with another broker on the deal. Usually you need to have an agent in the field to get the BPO done quickly, so that you can handle the bank calls and offers coming in.
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