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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.

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Where is the best place to look for Chase REO properties that have gone into foreclosure?

By searching the Chase website you can find links to their REO properties currently for sale. REO properties are owned by the lender after being purchased at auction.


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A Real-Estate Owned Property, or REO property means that a property is owned by the original lender that was not sold during foreclosure. REO properties are noticeable because usually the upkeep of the property is not the best.


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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.


What does reo stand for?

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One can find information about REO Wells Fargo on their website, which is the first result when you Google REO Wells Fargo. On their website one can find tips about their properties.


What are REOs?

REO's are properties that are "real estate owned." These properties may have been abandoned or improperly cared for and often need a lot of repair. If you'd like to purchase one, you may want to get an REO vendor to take care of the repairs.


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PPR can stand for a number of things, but since you're asking about both it and REO, you probably mean the "Personal Property Rental." Personal property is just property that can be moved. REO stands for "Real Estate Owned." REO properties are a type of property owned by a lender rather than the person or entity inhabiting the space. Any work done on that type of property is done by a place like REO Repair Pros, which exclusively offers REO services.


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