Reo Boom

Home foreclosures are on the rise, the housing market is in a downturn, and conventional real estate is dying out. But for the innovative and entrepreneurial real estate agent, an untapped market with enormous moneymaking potential has emerged: real estate owned properties, or REOs. After a bank forecloses on a repossessed property, it hires local real estate agents to sell the REO. According to REO experts Aram and Tim Shah, this is where the opportunity to cash in emerges for the agent in-the-know. In this updated edition of "REO Boom," the Shahs present a comprehensive guide to making bank from the REO market. With practical tips, insider advice and secrets, and step-by-step instructions, "REO Boom" prepares inexperienced agents to break into the REO market, and presents a proven formula for success that's crucial for even REO-savvy agents. Agents will learn to: - A proven 90-day action plan for breaking into the REO business- Step-by-step guides that walk you through the entire REO process- How to fund an REO businesses by using other vendors' money- Insider secrets on what asset managers are really looking for "REO Boom" also includes an appendix full of indispensible checklists and forms to further guarantee success with the REO process. This edition of "REO Boom" also includes an index and glossary.