Why can't I find an REO?

I have seen a few addresses that are REO from a Realtor, but ForeclosureRadar doesn't have any record of it. Can you please explain why an REO would not show up in your system?

Posted by MaryM
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Answered by admin


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Admin:   could you expand on your comment that "we no longer see these as an "opportunity" for our Realtor and Investor customers, as they are typically listed at that point and can be easily found in the MLS".   I thought that contacting the bank before the proeprty shows up in the MLS doesn't make any sense?   Cheers, Thomas Bartke Foreclosure and Wholesale Investing Strategies http://GotForeclosure.com http://CaWholesaleDeals.com   gotforeclosure
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In case the link in the previous post doesn't work, try clicking this one Keeping the Data Fresh.

Answered by Lance


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It makes a ton of sense to contact the bank before it is listed if you are an REO broker and want the listing. Yes, a lot of times they go to the broker that did the BPO, but we are hearing that there are so many now that no longer always applies. See also my reply to your question here.

Answered by Sean


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