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You lost your job.  You are a Veteran. You cannot make your mortgage payments. You called your lender and their steely “debt collector” tone and threatening letter would scare anyone.

If you experienced loss of income on the Emerald Coast of Florida due to the COVID-19 crisis, the Veteran’s Administration has issued clarifications about how your VA…

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It is no secret; many people believe a housing collapse is on its way and the REO niche will once again step out into the spotlight. Like moths to a flame, would be REO Professionals are asking, “How do I get my foot in the door?” Dollar dazed and confused, they chase the dream of making fast cash in an industry believed to be a side hustle for stay at home moms and college students. I will admit, for some, good looks, bright smiles,…

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If I know anything at all about human nature, it’s that we will always do what’s in our best interest over the common good. We will almost always act independently according to our own self interest even if that means putting others at risk. This is most true when it comes to money.

Since the CARES Act was signed into law, a tsunami of homeowners has rushed their mortgage banks asking to take advantage of the forbearance entitlement provided by the legislation. I’ve seen some early…

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New to BPO's

Hi Everyone,I am new to BPO's and just starting the process of filling out applications. I've had one company request for me to do an SPIF, which I had to ask what that was and found out it was just an exterior property inspection where you take several photos and fill out a quick form. When filling out the applications I am running across several different types of inspections. Is there anywhere I can find the different terminology so know what I am talking about without having to ask each…

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2 Replies · Reply by Debbie Hilton May 12

Hello and Here we go again. 

Hello and Here we go again. In 2007 I had a feeling things were about to change and everyone said .. nahhh things will be fine it is just a short term thing.. good thing I was hard-headed and leaned in a hustled hard to make the shift. Now after a semi-retirement, I am heading back into real estate - why because the market that is coming is built for an agent/broker like me. What I need is a short path to the asset managers in working in Georgia. I am well funded and able to pull a team…

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2 Replies · Reply by Whitney Sorenson May 11

Using LinkedIn To Grow Your REO Business

Hello,One of the ways I work with my clients is to maxiimize their use of Linkedin to attract REO Business. Using my 7000 connections to increase their performance is one approach.  Simply put If a client posts I hit the share button and it shows up in my feed.  A post that is actually written by a client about a subject relaing to REO gets about 100 views.  Those who just post  a news article get about 50 views.  Around 10% of views are from Asset  Managment Decision Makers.  I give my clients…

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3 Replies · Reply by Beverly McDonald May 3

Waste removal in NJ, this pertains to all REO trash outs.

Waste removal in NJ, this pertains to all REO trash outs. For all the REO agents that have to clean out vacant properties I need you to read and understand this, unless your trash out guy has an A-901 license he isn’t allowed to haul the contents of the property away in his trailer or pick up truck. The NJDEP has been cracking down on these guys that are not probably licensed, in addition they are imposing heavy fines on the realtors and property preservation companies. There are two types of…

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1 Reply · Reply by Vincent J. LaManna May 1

Techniques for Additional REO Business

I have been working REOs for the past 10 years getting 10-15 listings a year. I primarily have been working with one sales manager and probably 6-7 asset managers at this particular servicing company. I got started doing BPOs and just got lucky one day receiving my first REO. I'm looking to add to this volume going into 2021. What are some things you are doing to further grow your REO business?Are you planning on paying for certain platforms? 

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13 Replies · Reply by Beverly McDonald May 13

The Nation's Largest REO & Default Network

Since 2008, the REO Pro Network is the nation's largest professional social network for default industry professionals with over 16,000 members nationwide. Join today, it's free!

Cash Me Out The Door is our exclusive new iBuyer program designed to help members sell homes with our approved investor partners.

Benefits of Joining the REOPro Network.

  1. Online searchable database of REO industry professionals. 
  2. Access to 2064 Blogs and 2961 Forums.
  3. A list of 41 REO / BPO companies our members have worked with.
  4. Cash Me Out The Door - REOPro's cash offer portal. 
  5. Your personal "My Page" REO Social Media Hub. 
  6. Did I mention, it's FREE!

What's Everyone Up To?

Stacy Mercy, Sandy Hermes, Jim Moran and 4 more joined REO Pro Network
8 hours ago
CJ Oliver commented on Jesus D. Gonzalez Jr.'s blog post How Do I Get Started In The REO Business?
"Hi Jesse, I first joined you back in the day when there were only about 100 agents signed up. The R…"
yesterday
Eulonda Martin replied to Jesus (Jesse) Gonzalez's discussion Missouri Referral Agent Needed
"Jesse happy Memorial Day. Thank you for all of your good works.. I was wondering if Glenn Beck had…"
yesterday
Jeffery Shumaker commented on Jesus D. Gonzalez Jr.'s blog post The CARES Act May Make A Housing Crash Imminent.
"It is certainly problematic. I feel like we will see somethings that look and feel like 2008 very…"
Wednesday
Jeffery Shumaker commented on Jesus D. Gonzalez Jr.'s blog post How Do I Get Started In The REO Business?
"Very true. I struggled back in 2007 to get into the REO business. I saw homes in my market that w…"
Wednesday
Michael Kijowski and Tatyana Shatenko joined REO Pro Network
May 19
Walker Realty Ventures is now a member of REO Pro Network
May 18
Christine Jackson posted a discussion
I am thinking of becoming a REO vendor with Financial Asset Services ("FAS") and paying the $200 ye…
May 17
Tim Pagel is now a member of REO Pro Network
May 17
Rocky Primo, Giovanni Carmona, James Massingill and 1 more joined REO Pro Network
May 16
Hameed Siddiq and Holly Brink joined REO Pro Network
May 15
Anthony Lynn Higgins is now a member of REO Pro Network
May 14
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