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The banks need
help!
NOW IS THE TIME TO BREAK INTO THIS
BUSINESS!
Our REO
business e-book covers the topics you need to know to become an instant
success:
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Chapter I: Overview of
the REO Industry.
Which lender “arms” manage property disposition / foreclosure laws / REO
commissions / hiring guidelines, when assets are assigned / pros and cons
of the REO industry.
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Chapter II: Services
required and expected of the REO agent.
Specific & detailed REO service model / Sample REO Brokers Guide
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Chapter III: List of
REO Organizations - Why are they critical?
Listing of all major REO organizations. These affiliations will be your
first step into the world of REO.
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Chapter IV: Listing of
100 banks & their contact information.
Top 100 lender list with contact information / What departments to ask for
/ Who are the decision makers / What to say / Requirements for hiring REO
agents / Speaking the REO language / Job skills to highlight / Sample
Power Point presentation to provide prospects
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Chapter V:“Broker Price
Opinions” - Listings of 20 “BPO”companies.
“BPO” defined: A brokers price opinion is a service in which Lenders hire
real estate agents to complete property valuations. You DO NOT need to be
a broker. Most commonly, lenders request BPO’s when a mortgage is
delinquent by 60 or more days. Performing BPO’s serves real estate agents
in 2 ways:
1. BPOs turn into REO listings. Upon the BPO
property “defaulting”, you can get the listing.
2. You get paid for your work! The average BPO
pays $50- $200. Many agents are completing in excess of 100 BPO’s per month.
At an average of $75 per BPO, that’s $90k per year! Each BPO takes
approximately 30 minutes to complete. Listing of 20 BPO companies / How to
sign up and what ‘s required / How to convert into listings.
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Chapter VI: Accounting
- Expense reimbursement.
Understanding this aspect of the REO business can make or break you. Who
pays for what? Reimbursement model. What to be cautious of when getting
reimbursed for expenses? How to track, submit and document. The importance
of your contractor team.
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Chapter VII: Managing
Inventory Systems.
Software specific to REO industry, organizing various client templates.
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Chapter VIII:
Maximizing double end transactions.
Transforming your REO business from profitable into a cash cow by “double
ending” 50% of your REO listings.
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Chapter IX: Power
Networking Listing of the top 5 Foreclosure Forums on the internet.
Network, brainstorm with REO agents, REO asset managers and investors
through out the country.
Through November
10th 2008 “REO” Book purchasers will receive FREE our Exclusive Excel
spreadsheet containing contact information for 40 REO Management
Companies!”
FREE!
A $100 Value!
This contact info gives you direct access to
the companies that you want the most!
These are REO companies that dispose of 100’s of millions of dollars of
foreclosed properties for the countries largest banks.
The information in this book is applicable to
all states.
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