Bank owned properties - Posted by bank

import · July 1, 2003, 1:39pm

Posted by phillynewbie on July 01, 2003 at 22:52:33:

Ask for the REO department.

import · July 1, 2003, 1:39pm

Posted by bank on July 01, 2003 at 13:39:35:

I am trying to find out how do you locate bank owned prperties in your area? do you go to agent? bank directly?

thanks
paul

import · July 1, 2003, 6:59pm

Re: Bank owned properties - Posted by Matt

Posted by Matt on July 01, 2003 at 18:59:58:

look in your local paper

import · July 1, 2003, 2:10pm

Re: Bank owned properties - Posted by RichV(FL)

Posted by RichV(FL) on July 01, 2003 at 14:10:30:

Bank,

Try working with both. Many banks have a standard policy of turning REO properties over to agents as soon as they are received.

Other banks will try to sell them on thier own and if the property is a slow seller they will list with an agent.

Keep your options open.

Regards,

RichV(FL)

import · July 1, 2003, 5:06pm

Re: Bank owned properties - Posted by Bank

Posted by Bank on July 01, 2003 at 17:06:04:

thanks Rich…would you just call the local branch to find out or call HQ if this is a bigger bank?

Paul

import · July 1, 2003, 6:07pm

Re: Bank owned properties - Posted by RichV(FL)

Posted by RichV(FL) on July 01, 2003 at 18:07:16:

Paul,

Yes what I would do is give the local a call and if they are not much of a help to you ask them for the HQ number and contact them.

Regards,

RichV(FL)

import · July 1, 2003, 7:00pm

Re: Bank owned properties - Posted by dede

Posted by dede on July 01, 2003 at 19:00:52:

I’m wondering what department you would ask for when you did make the phone call or site visit?

import · July 2, 2003, 5:01am

Re: Bank owned properties - Posted by RichV(FL)

Posted by RichV(FL) on July 02, 2003 at 05:01:38:

Dede,

There is always at least one person in charge of Reo’s at a bank. Ask the branch manager they should be able to steer you in the right dircetion.

Regards,

RichV(FL)