by REORockstars | Dec 1, 2016 | REO Articles, What's Working NOW in REO Articles
OK this is a very good sign for those of you who have been waiting for that bubble to burst. The craziest election ever brought us a nice uptick in pre-foreclosure and repossession numbers. I am never one to count my chickens before they hatch, however, these are real...
by REORockstars | Nov 25, 2016 | REO Articles, What's Working NOW in REO Articles
Did I say CORRUPTION?!!! You bet I did! If you've been selling bank foreclosures as an REO broker for any length of time, you've undoubtedly run into a "proposal" that smelled "fishy", didn't seem right, or just kinda made you go "hhhhmmmmmm".... It seems that around...
by REORockstars | Oct 6, 2016 | REO Articles, What's Working NOW in REO Articles
OK so "floating" costs for REOs can be REALLY expensive, but it is a necessary evil and you need to be able to handle your responsibilities or you need to get out before you are FORCED out! I know far too many brokers who wait until contract time before they get their...
by REORockstars | Oct 4, 2016 | REO Articles, What's Working NOW in REO Articles
I guess if you're into a lot of cruel self-punishment and are too spineless to get out there and get yourself some face time with Asset Managers then your answer might be NO....but if you want to be an REO Rockstar then you'll delete every damn fee-based BPO request...
by REORockstars | Sep 28, 2016 | REO Articles, What's Working NOW in REO Articles
Often an new REO assignment comes in the form of an email with an address and asks you to "check occupancy". A good practice is to reference the tax records for the subject property BEFORE you perform your initial inspection. Every once in a while you'll find that an...
by REORockstars | Sep 25, 2016 | REO Articles, What's Working NOW in REO Articles
The more you truly understand the big banks, the easier it becomes to understand why other financial institutions MUST follow their lead. There's such a HUGE difference in the way that many banks, financial institutions and investors who own REO properties operate...
