Currently 46% of all Real Estate sold nationwide is distressed (REO or Short Sale). Most of the nations largest banks (4 of the top 5) including government entities, use REO Prep to select Listing Agents and manage the sale of their Real Estate. In addition to nation wide banks, REO Prep provides qualified listing agents for multiple affiliated asset management companies, and smaller financial institutions. Over 32,000 distressed Real Estate listings are assigned through REO Prep every month.