REO

When trying to aquire a REO is it necessary to have an agent? If not, how would I submit a bid on my own?

Thanks so much!

Comments(5)

  • hibby7623rd March, 2004

    No, but the bank will have an agent, so real estate commissions will be paid out.

    You might want to bring one to the table to make your life easier, as it's the same commission being paid out either way.

  • hibby7623rd March, 2004

    No, but the bank will have an agent, so real estate commissions will be paid out.

    You might want to bring one to the table to make your life easier, as it's the same commission being paid out either way.

  • jonna_nixon23rd March, 2004

    Thanks Hibby! I'll do whatever it takes if it makes the process easier and doesn't affect the price!

  • TheShortSalePro23rd March, 2004

    Most often, the corporate owner of an REO will have designated a broker to market, and handle the sale.

    Sometimes, a particular REO may not have a designated broker... and in this case, you may submit your offer directly to the rep handling the 'orphan' REO.
    [addsig]

  • TheShortSalePro23rd March, 2004

    Most often, the corporate owner of an REO will have designated a broker to market, and handle the sale.

    Sometimes, a particular REO may not have a designated broker... and in this case, you may submit your offer directly to the rep handling the 'orphan' REO.
    [addsig]

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