REOPro - Real Estate Default Professionals

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Raul Novales
  • Male
  • Yorba Linda CA
  • United States

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  • Stacie Cunningham
  • Jesus (Jesse) Gonzalez

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Search for an REO Professional by entering your zip codes in this format XXXXX, XXXXX,
I service the following counties.....
Orange County, Los Angeles County, Riverside, San Bernardino
Enter your state in the 2 letter abbreviation format.
I have the following REO Certifications, Designations and Memberships
Platinum REO, RDCPro, Five Star Institute Certification REP BPO, REO from A to Z, Property Preservation. RES.NET Platform Certified, and ReoTrans Platinum Platform Certified.
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Raul Novales's Blog

The next wave

Posted on December 1, 2009 at 10:08pm 11 Comments

I received an interesting call today from one of my lender contacts. The discussion covered when the next wave of REO properties would be really coming to market. I was informed that many of the banks holding REO's will need to change their accounting reporting and will actually have to show their non-performing assest on their books. They are also taking this time to clean out their Realt Estate Agent data base. The agents that were not performing to their standards will be removed from their… Continue

What do you do after you get approved by an REO Comapny?

Posted on November 4, 2008 at 10:27pm 0 Comments

This is my first attemp at a blog so I hope this is usefull. I have been approved by a large Asset Management company and the same day my approval was emailed I received 2 BPO assignments. Lenders and Asset Management companies want and need Accuracy and Efficiency. When you receive a new Listing or BPO assignment they give you time lines to complete the work, but if you exceed the timelines you will be rewarded with more business. Remember that you are being graded by them on accuracy, also so… Continue

Comment Wall (7 comments)

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At 8:38pm on November 4, 2008, Maria Navarro said…
You mention you were a listing broker?
At 6:52pm on September 26, 2008, Raul Novales said…
The national vendors came in to vouge in the late 90s and they were bad then and are worse now. I see at least 20 to 25 homes on a weekly basis and most of the homes I see are in bad shape.
The problem with brokers hiring their own vendors is that they have to pay for the work and wait to be reimbursed by the bank and most brokers don't want to carry 70k to100k in receivables for the banks that is why they went this route. I know from personal experience. I will keep you in mind if I get anything.
At 7:10pm on September 25, 2008, Brad Arnold said…
I know that some banks are very dogmatic when it come to using their vendors, but a lot of brokers now are being as dogmatic back to the banks/AM's becasue there vendors do not put in the effort needed to do a complete job. In fact, we were hired by a broker...and completed it today in fact, to go back and re-clean 6 houses because the banks vendor did a horrible job. I know it is hard though for newer reo agents to make waves with banks or AM's, but it will become frustrating when you can not rely on the bank to hire good vendors...
At 2:03am on September 25, 2008, Brad Arnold said…
Hello Raul...I live in YL as well... I own a preservation company... How active are you with REO's? Please let me know if there is anything that I can do for you! (949) 302-1370
Brad A.
At 6:49pm on September 24, 2008, Raul Novales said…
Hello Stacie,
I am very new to this so I am not sure if your comment is directed at me. I do not know how to email you directly.
At 6:44pm on September 24, 2008, Stacie Cunningham said…
I am currently switching my DBA and will be ready to hire again in a couple weeks. Could you email me direct?? I need help not only w/ REO's but BPO's as well.~Stac
At 5:56pm on September 24, 2008, Stacie Cunningham said… I invited to your event?? Where you at 5 star?~Stac

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