REO Training

With a staggering 115% increase in foreclosures from 2008 to 2009, banks are finding themselves at a loss for what to do with their repossessed property. In more and more cases, short sales and foreclosure auctions are failing to produce results, so banks are being forced to opt for the REO – Real Estate Owned – route. For this, they require an expert team of accredited REO agents.

REO training is an intensive process, involving thorough comprehension of the ins, outs, dos and do nots of the industry.

An REO agent needs to be able to perform a variety of tasks associated with reclaiming a foreclosed home, marketing it and obtaining a profitable deal.
This process includes –

• Evicting the present occupants successfully
• Estimating repair costs to be incurred
• Refurbishing the reclaimed home and discharging costs associated with it to make the sale legally sound when it does take place
• Finding REO contacts in banks across the nation
• Marketing REO effectively to clients
• Knowledge about the paperwork involved in taking a property from mortgaged to REO.

Apart from knowledge of the REO acquisition and sale process itself, building an REO business also requires substantial business acumen. Our REO training program helps you build an REO business from scratch – right from the time you begin building a solid foundation, making yourself visible and desirable to clients, to networking and leveraging. Apart from this, we also tackle the fine details that come with building any business nowadays – outsourcing, management and staffing.

With these tools in hand, you will be set up to embark on a successful career as an REO agent, and never look back.