REOs: Real Estate Owned
Working with REO Property After Foreclosure
4 clock hours
 

This class is focused on helping real estate agents learn about working with banks and asset management companies and their REO properties from the perspective of a listing agent. 

Prior to jumping head first into REO property, in this class real estate agents will have the opportunity to understand the commitment of time and financial resources required to become a successful REO agent.  Representing lenders of foreclosed homes is complex.  Having an institutional client is different than having a traditional home seller as a client.  During this class, agents will:

• Become familiar with the duties and responsibilities of an REO agent

• Learn some basic business requirements for becoming an REO agent

• Learn what lenders look for when selecting an REO agent

• Become familiar with broker price opinions

• Understand the potential pitfalls in working with asset management cocmpanies

• Learn the most frequently asked questions about working with HUD REOs