What a nightmare on REO street! Websites promise REO listings and charge a fee. Wolves in sheep’s clothing. At the end of the day, you are broke and have no listings. Is it a Trick or Treat? Watch the video to learn more about REO fees. You decide which companies are legit and which sites are in question. *CONTEST WINNER: SEE BELOW

REO Applications from REO Companies that DO NOT CHARGE, click link below

It’s free for Real Estate Brokers/Agents and always will be.

NOTE: I recommend Equator, (standard or premium), reosource &  iAgent, since they are REO platforms. They are a must have if you list REOs. Others websites that charge are in debate. Ask your network buddies what they think before handing cash over.

*(11/07/2012) We have a WINNER! NANCY FRAZIER, Nextage Realty, Phoenix, AZ. Nancy’s name was drawn and she guessed the background correctly: “GHOSTBUSTERS”. Nancy is the winner of the $25 Starbucks Gift Card – woo hoo. Thank you all for participating.


SOURCES: Equator. 31 Oct. 2012 <> / 31 Oct. 2012 <> / REO network. 31 Oct. 2012> / REO Lister. 31 Oct. 2012 <> / BankerREO. 31 Oct. 2012> / ASREOS. 31 Oct. 2012> / 31 Oct. 2012 <>

42 comments for “REO TRICKS OR TREATS? [VIDEO]

  1. Miguel A Ramirez
    November 8, 2012 at 4:49 pm

    I have filled out applications with most REO servicers and Banks and I still haven’t received an approval with a good company. My best client is HSBC which I have been working with for almost 5 years. I am also approved with PMH Financial and Atlas. but, none of them have sent me anything. I have been approved with them for almost two years now. Any recommendations?
    via Facebook

  2. Kit Albert
    November 7, 2012 at 4:18 pm

    Do you recommend paying the $200 registration fee that FAS charges?

    Kit Albert
    Real Estate and Mortgage Broker

    • November 7, 2012 at 4:20 pm

      After you watch the video above, send FAS an email advising if there is any work in your area. If there is, I would pay.

  3. Denette Bartoli
    November 7, 2012 at 12:09 am

    Ghost Busters! 🙂

    Denette Bartoli
    Realtor & Property Manager
    Terrace Associates, Inc.
    Redwood City, CA 94061
    DRE# 01759625

  4. Joseph Alan Barreras
    November 7, 2012 at 12:05 am

    It’s Ghost Busters 2.

    Joseph Alan Barreras (License # 01274658)
    Great American Real Estate & Associates, Inc.
    NRBA Member
    (REO & Short Sales)

  5. Lucy Aedo
    November 7, 2012 at 12:03 am

    The Background contest from the movie ‘GHOSTBUSTERS”

    Lucy Aedo
    Tarbell Realtors, e-PRO, SFR, CHS Certified HAFA Specialist
    “A referral is guiding someone you care about, to someone you trust”

  6. Roger Abuata
    November 7, 2012 at 12:00 am

    Ghost busters, is the back ground this time.

    From my Android phone on T-Mobile. The first nationwide 4G network.

  7. Maria Elena Martinez
    November 6, 2012 at 11:14 pm

    Ghost Busters.

    Broker Assoc.

  8. Cathy Lee
    November 6, 2012 at 11:07 pm

    Hi Poncie Trusted Latino
    The Background is Ghost Busters
    Cathy Lee
    Florida Realtor

  9. Sheri Lipsey
    November 6, 2012 at 8:02 pm

    Ghostbusters II.

  10. Winfred D.. Owens
    November 6, 2012 at 6:56 pm

    Background image is Ghost Buster’s 2

  11. Jennifer Martinez
    November 6, 2012 at 6:22 pm


    Jennifer Martinez
    Prudential Don Johnson Co., REALTORS

    November 6, 2012 at 6:20 pm


  13. Juanita Horta
    November 6, 2012 at 6:20 pm

    Ghost busters

    Sent from my HTC on the Now Network from Sprint!

  14. Lehel Szucs
    November 6, 2012 at 6:19 pm

    background = ghostbusters … that brings back some memories

    Have a great day!

    Lehel Szucs
    Real Estate Consultant
    All Seasons Real Estate, Inc.
    Covina, CA 91724

  15. Chayo Rodriguez
    November 6, 2012 at 6:18 pm

    It’s ghost busters 2

    Sent from my Verizon Wireless smartphone

  16. Domenic Zappia
    November 5, 2012 at 6:30 am

    Typically the platforms such as and equator are essential for doing business with REO companies, outsourcers, etc. I have not found it cost effective to buy zip codes on equator. One heads up on if you purchase the $700 annual memebership, if you wait for a certain time of year (usually Sept) you can buy it at a discount AND can take the resnet university training for free which gets you a resnet certification which puts a little star next to your name when asset managers are searching for REO Agents in your area. Good Luck!

  17. Cece Fox
    November 2, 2012 at 9:18 pm

    I watched the video but could not find the part that says which sites are legitimate or not. Please advise. Thanks.

    Posted by Cece Fox
    Cleveland/Akron, Ohio

  18. Jon Tate
    November 2, 2012 at 9:15 pm

    Poncie has been a great information resource for us. Thanks.

    Posted by Jon Tate
    Business Development APREOS
    Pensacola, Florida

  19. Kay Mariutto
    November 2, 2012 at 9:09 pm

    Thank You!

    Posted by Kay Mariutto
    Broker Associate at Coldwell Banker Residential
    Tampa/St. Petersburg, Florida Area

  20. Kim Marin
    November 2, 2012 at 2:05 pm

    Ghost Busters, OF COURSE!

  21. Michael Hickerson
    November 2, 2012 at 11:03 am

    Banker REO IS A HUGE SCAM! Do NOT give them a dime. They promise a BPO and then stiff you for that, and they take your money, then disappear. Just Google the name, you can see for yourself.

  22. Rebecca Bean
    November 2, 2012 at 10:32 am

    Ghostbusters is the background

  23. Emma Payne
    November 2, 2012 at 7:34 am

    I feel the pain in my wallet even tho I have gotten BPOs ResNet. No REOs have come across my desk.

  24. nia
    November 2, 2012 at 7:10 am


  25. Elise Goshorn
    November 2, 2012 at 6:45 am

    Ghostbusters….that’s who I’m gonna call! 🙂

  26. Angela Scurry-Herrera
    November 2, 2012 at 6:22 am

    This background is from Ghostbusters Video Game

  27. Bertha Mecias
    November 2, 2012 at 5:27 am

    The movie Ghostbusters.

  28. Nedy Blanchard
    November 2, 2012 at 5:07 am

    Background is from the movie Ghostbusters!

  29. Latife Gabrie
    November 2, 2012 at 2:45 am


  30. Terri Engel
    November 1, 2012 at 9:50 pm

    Is the background from the wax museum?

    • Terri Engel
      November 5, 2012 at 10:50 am

      Wax museum ghost busters crew

  31. Juanita Balcazar
    November 1, 2012 at 9:39 pm

    Who you gonna call? GHOSTBUSTERS!!!!

  32. Debbie
    November 1, 2012 at 8:05 pm

    I agree with you on all the companies stated and others as well. The ghostbuster is behind you and thank you so much for sharing

  33. Cindy Chavez
    November 1, 2012 at 7:36 pm

    Ghost buster!

  34. Patrick Taylor
    November 1, 2012 at 6:52 pm

    Background is of the Energizer Bunny.

    Thank you,
    Patrick Taylor

  35. Amy Sorrenti-Thomas
    November 1, 2012 at 6:36 pm

    Ghostbusters 🙂 Love them

    Amy Sorrenti-Thomas
    PMZ Real Estate

    via Facebook

  36. Becky A. Roenspie
    November 1, 2012 at 6:33 pm

    Ghost busters!!

    Becky A. Roenspie
    Broker/Owner, CDPE
    BdM Home Group
    DRE Lic. #01729507

  37. Juan J De La Garza
    November 1, 2012 at 6:22 pm

    Ghost busters

  38. Robert Newson
    November 1, 2012 at 6:17 pm


  39. Nancy Frazier
    November 1, 2012 at 5:56 pm

    Ghostbusters Trick ……

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