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They don't have an internal REO dept.
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∙ 13y ago
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What is the phone number for the Capital One Bank REO Department?
How do get the contact info for REO properties of Capital One Bank
What is the phone number for the REO department at Chase?
Chase REO Dept.1-877-584-32908:30 am to 5:30 pm ET, Monday – Friday.
How can a contractor find a bank REO asset management firm?
Anyone, including a contractor, may find an REO Asset Management firm online! Most REO Asset Management companies have websites. For example, REO Repair Pros is available at http://www.reorepairpros.com.
What is the proper meaning for REO in mortgage terms?
REO- Real Estate Owned or Bank owned, which means the real estate property is no longer mortgaged~ as a result of forfeiture or foreclosure.
Can you get to me a phone number for the REO dept. at Washington Mutual--866-396-6284 is NOT working for me--I need to speak to a real human being?
I'm in the biz. There is no number for specific WAMU REO properties. Chase now owns WAMU...there is a plethera of numbers available for Chase.
What is a reo property?
REO (Real Estate Owned) is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. This is usually the case as the amount owed on the home is probably higher than the value of this foreclosure property. As soon as the bank repossess the property, it is listed on their books as REO, and is categorized as an asset (non-performing).
Where can you find REO properties for sale?
There are many places on-line where REO (Real Estate Owned) Properties can be found. A few of these sites include: The Bank of America, Home Path and HUD Homes.
What is the phone number for the REO department at Citimortgage?
Although I'm not clear on the meaning of the acronym "REO," here are some corporate contacts at two different offices in CitiMortgage: Bill Beckmann, Pres. & CEO: 636 261-2464 Workable Solutions Dept. (cute name for Loan Mitigation or "Work-out" Dept): 310 696-5069 310 696-4267 FAX: 310 696-4473
How can a real estate agent list bank reo properties?
Real estate agents list reos by registering with the banks and reo asset management companies to be placed on their preferred agents list. I would recommend getting a good bank reo contact list as there are literally hundreds of bank and reo asset management companies to sign up with. we got one from www.listbankrepos.com Once you have completed their registration process they will start assigning you reo listings, make sure to be very specific and add all the zip codes you want to receive reo listings in as this is how they assign the reo listings To become a listing agent for REO properties you need to find an asset manager at a bank or REO out sourcing company willing to give you business. First you need to know the process and what an asset manager will expect. The best way to get this knowledge is to find an agent that is willing to teach you the business. You can go ahead and list yourself on all of the reo databases that are online, most charge a yearly fee, depending what territory you live in you might get some good response. You also could go to the bank's websites and sign up as an approved agent/broker. Most Asset managers have their own network of agents and will not tolerate an agent that does not know what to do because the asset managers are managing 200 plus portfolios and do not have time to train an rookie.
Where can you get a list of reo properties?
Many companies offer lists of REO properties for a fee, but banks also make the information available for free. If you google or search for any major bank (Wells Fargo, Chase, CitiFinancial, Countrywide, etc.) plus the word "REO", you will find a link to their REO website. You can also try two of the most widly used websites for REO brokers and REO asset managers to list properties for most of the major banks. You will need to register as a buyer, but it should be free.
What happens if nobody bids on foreclosure?
The bank who forecloses becomes the owner of the real estate. They then sell the property as an "REO asset" to try and get the money back to payoff the mortgage. REO stands for "real estate owned."
Where can one find more information about Bank of America Reo?
If you are looking on information about real estate owned property from Bank of America, the official Bank of America website has a page that has information on foreclosure properties.
