Welcome to REO Prep

The leading edge to working with foreclosures! Banks Nationwide use REO Prep to Manage and Sell Foreclosed Properties.

Activate your membership this month and become REO Prep Certified.

Foreclosures: 'Worst three months of all time'

Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading.

REOPrep.com News Update
NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008. Last month, notices totaled 343,638, down 4% compared with August. Unfortunately, that total accounts for 87,821 homes that were repossessed by lenders. There has been a 21% jump from the previous three months. So far this year lenders have taken back 623,852 homes.

LENDERS ASSIGN OVER 14000 LISTINGS EACH MONTH

CREATE AN ACCOUNT to receive listings from major lenders nationwide

The number of homes going into foreclosure jumped last quarter to its highest level in more than 15 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.

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.

Many companies are selling seminars for hundreds of dollars. REO Prep is the listing source these companies are directing you towards. Sales businesses are attempting to "sell" you a seminar for training or endorsements. REO Prep does not require you to do this. REO Prep is your direct source to receive listings direct! If you would like to sign up for a coverage area please proceed to make sure your area is available.

Agents

Select the agent tab if you are a licensed real estate agent and would like to receive property listings from Lenders. Selecting this option will enable you to receive property listings from banks. REO Prep members have been the lenders #1 choice. When a Lender chooses an REO Prep member they know their license is in good standing, that they are highly qualified, and experienced enough to handle the high volume listing demands.

Appraiser's / BPO's

Select the BPO tab if you are ready to work. The amount of Foreclosure and Short Sales has been increasing dramatically each month. This increasing demand is driving the need for BPO agents. The Lenders know REO Prep's members are qualified, knowledgable, and readily capable of handeling the high volume demands.

Buyers

Select the Buyer tab if you are a home buyer or investor looking for foreclosed properties. Lenders have the option to have one of our REO Prep agents close a deal for you immediately. Have you seen some great deals sell before they even hit the market? This is because in many cases when the Lender assigns a new Listing to an REO Prep agent. We go through our database which has our buyer members approved price and specifics. This is just another way REO Prep maintains a pre approved highly qualified membership of buyers. This has also helped the REO Prep agents open escrow on their listings quickly so they can spend their time working on their newly assigned listings.

Notaries

Select the Notary tab if you are familiar with foreclosures and services, such as : appraisals, financing, eviction, or title. In many cases REO Prep agents have found an increasing need to have a notary that understands the current market specifications. When you become an approved REO Prep member you will be entered into our database and assigned in your specified zip codes as needed.