The leading edge to working with foreclosures & Short Sales! Banks & Institutions Nationwide use REO Prep to Manage and Sell Foreclosed Properties.
Activate your membership this month and become REO Prep Certified.
Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 294,328 U.S. Properties last month.
REOPrep.com News Update
Filings rose 13% this month compared to a year ago. The number of people who actually had their homes repossessed jumped 26% to 79,986. Most industry observers also expect home prices to decline further this year before they stabilize. That will push more homeowners underwater -- meaning they owe more on their mortgages than their homes are worth -- this will cause more home owners to short sale or turn to foreclosure.
LENDERS ASSIGN OVER 22,751 LISTINGS EACH MONTH
The number of homes going into foreclosure jumped last quarter to its highest level in more than 17 years. REO Prep generates a list of agents based on their Coverage areas. By entering your coverage areas you can put your Name, Photo and Comments in front of the lender when the decision is made. The fee is $0.16 cents per day for each Coverage Area. Join our month to month membership today and become a REO Prep approved member.
If you are also looking to increase your short sale volume please remember to select the short sale acceptance designation located at the top of your certified profile.
REO Prep is your direct connection to receiving more listings/BPO's. Become an approved member in just minutes.
There are a few different types of memberships; each membership is customized to the specific needs of different vendors. To begin, please select the type of account that you would like to create. REO Prep will only accept qualified members.
Do You Want More Listings?
Once you are part of the marketplace, all lenders have to do is click a button to assign you listings.
REO Prep maintains a membership that the Lenders continue to trust. Many companies are trying to sell you Lists of companies where you attempt to become one of their foreclosure listing agents. Many companies are charging you a large fee for these lists. Have you noticed that the banks do not call you? At REO Prep you are charged a nominal monthly fee that is month to month to keep you educated. The Lenders know REO Prep members are highly qualified, updated on a regular basis and ready to perform quickly in high volume situations.
NOTE: If you are an agent that provides more than one service mentioned above, REO Prep encourages you to join more than one membership. In some cases you may not have been assigned a listing for a specific zip code however you may have the option to perform a BPO. REO Prep also encourages you to expand your working area to multiple zip codes. At REO Prep we encourage the lenders to work with the highest qualified agent in the areas however we do provide multiple choices.
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