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I specialize in offering REO listings and HUD houses. I likewise offer an REO starter kit to help agents learn how to offer REO listings and how to get REO listings from banks, property management companies, and hedge funds. REOs are houses that have actually been foreclosed on, and the bank acquired that house (how hard is it to be a real estate agent).
The REO agent has numerous duties given that the owner of the home is typically in another state and will never see the house. REOs can be a terrific income source due to the consistent stream of listings that come to an effective REO agent. Brief sales are houses owned by property owners, but the homeowner can not offer the house for enough money to pay off what is owed on the house.
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