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?

I dont know if you would even want this listings. I know in Colorado most of them are a total pain to deal with and they usually just offer you a flat 500 dollar fee for the listing. My best advice would be to keep pluging away and trying to get in good with a certain bank. From what I understand once you have established yourself with a bank it's all cake walk from there.

hope this helps, not really a solid answer sorry!

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.

__________________
Ryan Loofboro

Galveston Beach House Rentals

Galveston TX vacation rentals

Friendswood TX Real Estate

Do you fo BPOs for GreenLink? Which is Wachovia. I have been getting quite a few listings from them recently in our area. Of course our area is the foreclosure capital of the world.
www.greenlinkbpo.com

__________________

I couldn't get the greenlinkbpo.com site to come up.....is it just me?

GreenLink no longer exists.... HomEq is doing the REOs and the BPOs dissapeared in to thin air..

__________________

All you folks offering to assist in getting agents REOs, which companies are you working for?

__________________

How can I get REO listings and BPO's. Any help or suggestions.

i cant open the greenlinkbpo.com. any suggestions.

Ed - Can you confirm the address for greenlink? I was unable to pull it up.