Source: Redfin's Residential Real Estate Report - August 2023

Mortgage rates, as we've seen recently, have reached heights not seen in two decades, and this is ringing alarm bells for professionals in the default real estate sector. For members of REOPro, understanding the potential trajectory of the market is crucial.…

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Recent data paints an intriguing picture of the real estate market, specifically in terms of investor behavior. The insights extracted from Dana's article reflect how investor dynamics are evolving, with some key trends standing out:

  1. A Significant Drop in Investor Purchases: The investment world witnessed a remarkable 31% decline in overall home sales this year,…

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The real estate market is one of the economy's most dynamic sectors, constantly influenced by shifts in consumer sentiment, market dynamics, and macroeconomic factors. Fannie Mae, a key player in the housing market, recently released an article highlighting its growing concerns about a potential recession in 2024. Understanding the implications of this possible downturn is critical for real estate agents who collaborate with banks to liquidate their foreclosed…

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REO Scams are starting back up. BE AWARE!!!

Just got a call this morning from (786) 567-3151.   Typical P T Barnum song and dance, we have this property we want you to do a BPO on for us with our proprietary website.  No skin in the game on their part.  DO IT FOR FREE!!!  Not a big problem to this point.  Here is the whammy, to be part of our special group you need to pay $649 up front.  NOW!!!  Don't do it.  If it is a worthwhile group you don't pay anything but, do the management of the property once in the asset management companies…

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1 Reply · Reply by Jaimee A. Cohen Sep 19


Hello all, anyone know anything about this outfit? Of course they want $40 per year to join so my hunch is they are a scam but I figured I would reach out to you all for any insight you may have about them..Thank you so much! 

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0 Replies

REO/BPO Companies

Is there a more current list for these type of companies. This site has a list of companies dating back to 2020. Also alot of companies are taking their REO's to auction. Does anyone know of lenders who still list REO properties with agents  Jim MathieuAlzie RealtyAlziehomes@aol.com

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I received this today.  I've done free work and never got a listing.  Is this legit?  It says it is a Fifth Third Bank Property.  Hello,I have this high values asset to give out in your area, I must vet 3 agents for the listing see the attached and send items back to me asap.Seller will make the call on which agent will receive listing based on experience and working though Resnet. When picked I would notify you and tasks will be set up in Resent to complete.Thank you. Please ensure that you…

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1 Reply · Reply by CECILIA D FOX Sep 14

REOPro and Five Star Global Partnership

🚨 Exciting Partnership Alert! 🚨   Dear REOProNetwork community,   We're thrilled to share an incredible opportunity for our members in collaboration with Five Star Global. Our shared vision for advancing the real estate industry through education and networking has birthed a unique offer for you!   🌟 Become a FORCE member for just $1,495 or $135/month and unlock:  Complimentary registration for the esteemed Five Star Conference.  Exclusive discounts for their upcoming event in March. 50% off…

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5 Replies · Reply by TR Lawrence Sep 5

The Nation's Largest REO & Default Network

REOProNetwork.com is a premier online platform for real estate agents and professionals specializing in the sale of distressed properties, such as bank-owned properties, foreclosures, and short sales. Our website provides a wealth of resources, including industry news, education, and a marketplace for REO listings. With our forums and groups, you can easily connect with other professionals in the industry and exchange knowledge and experiences. Our goal is to help real estate professionals grow their expertise and network in the lucrative REO market. Join us today and start expanding your reach in the distressed property market!


Benefits of Joining the REOPro Network.

  1. Access to industry news and updates: Members can stay up-to-date with the latest trends, regulations, and news affecting the distressed property market.

  2. Learning opportunities: REOProNetwork.com offers educational resources, webinars, and training sessions that can help members enhance their skills and knowledge in the REO market.

  3. Networking: Members can connect with other real estate professionals who specialize in the sale of distressed properties. This can help them build relationships, learn from others, and expand their business opportunities.

  4. Marketing opportunities: Members can leverage the site's marketplace to showcase their REO listings to potential buyers, investors, and clients.

  5. Professional development: By participating in forums, groups, and other community activities, members can hone their communication, leadership, and problem-solving skills.

  6. Brand visibility: By being an active member of REOProNetwork.com, real estate agents and professionals can boost their online presence and visibility, potentially leading to more business opportunities.

  7. Cost-effective: Joining REOProNetwork.com is relatively affordable compared to other marketing and networking options, making it a cost-effective way to reach potential clients and grow one's business. It's free!

What's Everyone Up To?

Karen Gray posted a discussion
Did many of you go? what was your experience?
Sep 23
Ovsanna Khachatryan liked Nicole Ocean's video
Sep 20
Jennifer Oliwa and Keishlea Greene joined REO Pro Network
Sep 20
Jaimee A. Cohen replied to Richard F. McAllister's discussion REO Scams are starting back up. BE AWARE!!!
"I just got the same call; the guy was adamant about getting my credit card number for the $649…"
Sep 19
Richard F. McAllister posted a discussion
Just got a call this morning from (786) 567-3151.   Typical P T Barnum song and dance, we have this…
Sep 19
Jesus (Jesse) Gonzalez posted a blog post
Source: Redfin's Residential Real Estate Report - August 2023
Mortgage rates, as we've seen…
Sep 18
Kim Hale liked Kim Hale's profile
Sep 17
David Jaramillo, Ellen Floyd, Brenden S Rendo and 1 more joined REO Pro Network
Sep 17
Sam Shueh replied to Owen's discussion What BPO companies send you orders frequently and pay on time?
"Doing mostly commercial. The downside is I have no Costar subscription on sales doing it from title…"
Sep 15
CECILIA D FOX replied to Brenda Ames's discussion OWEN REO LLC
"I've heard of Owen but never had any business with them. 5th 3rd freebie BPOs used to come from…"
Sep 14
Patti Baker replied to June T Valora's discussion FirstValuation.com and BrokerPriceOpinion.com
"sounds great but will selling real estate and doing BPO's I do not have the time for such a…"
Sep 14
Patti Baker replied to Owen's discussion What BPO companies send you orders frequently and pay on time?
"Sam, I do not do interiors anmore, too dangerous as most are in the bad neighborhoods. I am…"
Sep 14