TIP#1: Search for any REO bank. Type the name of a bank or REO outsourcer in the “Search REO Banks” box to the right and click search. Courtesy of Google Custom Search. —>
REO NEWS! Integrated Asset Services (IAS) has lost the Bank of America (BofA) account. If you had BofA listings with IAS then you noticed that your listings were pulled and sent to other outsourcers. According to the REO Vendor Relationship Manager at BofA, IAS is not an outsourcer. There is no reason given for the change. Bank of America is still releasing assets to agents, but very few. Most of the assets are being assigned through outsourcers.
Although foreclosures declined in 2012, according to DSNews, foreclosure activity/starts/filings increased in the majority of judicial states. “We expect to see continued increases in judicial foreclosure states near the beginning of the year as lenders finish catching up with the backlogs in those states, and another set of increases in some non-judicial states near the end of the year as lenders adjust to the new laws and process some deferred foreclosures in those states,” RealtyTrac VP Daren Blomquist said. [READ MORE]
ATLAS REO is a Bank of America outsourcer. If you are a preferred BofA agent, sign up to Atlas and let them know you are a preferred BofA agent. If not, keep in mind, that Atlas REO takes pride in selecting ONLY the best, most qualified REO brokers/agents in the country to partner with. If this is you, click on the link below and start applying.* REO Tip #2: Create your free REO profile at Zillow. Zillow gets over 11 million views a month. [CLICK HERE]
*This site is FREE for realtors/brokers and always will be. Haters claim that I charge. NO, we are a subscriber network of REO agents. We share information, REO tips from REO agents. Joining is free. Enter your email in the “Subscribe Here” box (top right) and request a password. It’s free for Real Estate Brokers/Agents and always will be. Please allow up to 24 hours for a REO Application Network PASSWORD via email. Be patient.
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SOURCES: IAS [www.iaservices.com/], Bank of America [www.foreclosures.bankofamerica.com/real_estate_owned], Atlas [www.atlasreo.com/], DSNews [www.dsnews.com/articles/foreclosures-declined-in-2012-increases-expected-2013-2013-01-17]