What is the best resources to find information about short sales, foreclosures, REO? How to take the title for the property “subject to” in California?
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I want to become a independent REO asset manager or possibly start my own asset management company and work with the Banks that have REO properties.
How does a person get connections, or know where to go to get to the correct person in charge to sell themselves to the Banks so they will use me for asset management?
I have 20 years in mortgages and I have experience in asset management too.
Banks, Mortgage Lenders have REO departments that contract out to asset management companies. The asset manager is the one that contacts the real estate agent to list the property. This IS they way it works on REO Bank Owned Properties. I alsoready know fore sure. I just need to find out how to get my foot in the door to the correct person at the banks and mortgage companies.
Banks, Mortgage Lenders have REO departments that contract out to asset management companies. The asset manager is the one that contacts the real estate agent to list the property. This IS they way it works on REO Bank Owned Properties. I already know for sure. I just need to find out how to get my foot in the door to the correct person at the banks and mortgage companies.
(hoping to get a lower price). And what do you think it would be a reasonable offer for a condo (REO property), listed for 450k in Northern CA (1400 sq ft) considering I intend to use the same real estate agent as the seller (which is the bank that owns now the property) and that I realy like the unit. thanks a lot.
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is there an average time the banks are taking to list properties for sale? Citi mortgage to be specific.
I have been tracking a property for 2 months and it is now an reo property. The realtor that is advertising the property represented the seller prior to the trustee sale. After the property was forclosed on, the realtor has advertised the property for sale on a daily basis. I have contacted the bank that owns the property and they have not gone through all of the legal paperwork to resell the proprtey yet. So how can this realtor advertise on the internet if they do not represent the seller?
How can I find a free copy of any available listings for Wake and Durham county’s REO’s or bank owned properties for sale? I’m getting a little interested in real estate investing and flipping.
Is there a free list of assest managers somewhere?
