REOPro - Real Estate Default Professionals

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I have had my Real Estate license since 1994, started doing bpo's and working with REO's since 1996. In 2004 I was asked to help manage an Reo Dept. our Real Estate Company had decided to start.Did that for 3 years and then decided to go back out into the REO world to list and sell again. I have not been sorry although I will admit when I was on the management side I got an hourly wage,benifits, and a bonus for every reo the agents that worked for us sold. Wait a minute, what's wrong with me??? I must have been smoking something funny when I decided to step out. :-) No actually the real reason was I got tired of some (not all) agents expecting everything handed to them with us doing most of the work. They didn't want to do the evictions, cash for keys, occupancy checks,etc.They thought we should do that. They just wanted to list and sell. I was still working 14 hours a day with the paper work,etc. Yes the last few months have been difficult,starting last Sept. , with the reo slow down in our area but I'm happy where I'm at and feel my business will pick up again. I know what the asset managers need and I'm good at it. I try to make their job and life alittle easier. I've been in their shoes , they don't have an easy job and many sleepless nights.

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Comment by Billie Dalessio on January 28, 2010 at 7:29pm
welcome back to the trenches, wish you the best!
Comment by Sandra Page on January 27, 2010 at 5:15pm
Actually, I've done well but the slow down in my area starting about last Sept.,'09 has hurt.
Comment by Cindy Billman, CDPE, SFR, HAFA on January 27, 2010 at 5:10pm
Sandra - you won't regret coming back - I did the exact same thing and I am now into my 2nd year back as an agent, it has been tough but I love being on this side!
Comment by Steve Adkins on January 26, 2010 at 5:20pm
I agree, their job is not easy! During these slower times I have had the rare chance to talk, just talk, to a few of my asset managers. They have been able to share what their lives are like and what they are expecting in the coming months. I had one even tell me about her one time playing real estate agent for the bank during the courthouse auction, she said never again!

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