TIP: Type in “REO OUTSOURCERS” in the SEARCH REO BANKS box to the right to locate REO OUTSOURCERS, courtesy of Google Custom Search –>


reo outsourcedFlagstar Bank is a full-service financial company. Flagstar has REOs in several states across the U.S. They are not a big REO company. You might get a few REOs a year. But, something is better than nothing. You can see a list of REO properties by Flagstar and what states they service HERE.

Flagstar outsources their REO properties to several Outsource Companies. The one I deal with is CoreLogic.

We just received a new REO this week in Sonora. CoreLogic is easy to work with. I have worked with them since 2008. They have a friendly staff and their reimbursement system is second to none. They utilize iClear for billing. We always get reimbursed. I know CoreLogic says they are not currently adding agents to their panel. But you can still sign up. Many REO agents are dropping REOs completely, which opens up opportunity for new agents. You can still sign up to CoreLogic and be added to their waiting list. To learn how to be added, CLICK HERE. [The next page is for Poncie Network Agents only. To request a password, enter your email in the “Subscribe Here” box in the upper left corner. There is no charge. It’s free for realtors and always will be.]

Although the REO world has shrunk, many of our network friends continue to do REO business. Many of them are getting REOs thru Outsourcers. Check out the VIDEO below for more details:

farmers - johnny


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  1. Cheryl Thorne
    September 10, 2013 at 12:04 pm

    Thank You For All The Information……..Can’t wait to use it..

    Cheryl Thorne

  2. Gina Uzunyan Ccim
    September 10, 2013 at 11:37 am

    Thank you for all your post, have a blessed weekend.

    Gina Uzunyan Ccim
    Real Estate Broker/Owner at KOENIG PROPERTIES
    North Hollywood, CA

  3. Sheldon A Schaffer
    September 9, 2013 at 3:36 pm

    I have been a licensed Real Estate Broker since 1990, I moved to Las Vegas in1994 as a Broker-Salesman. I was the Training Director for two of the CENTURY 21 FRANCHISES and was the Broker for the CENTURY 21 The Trails In Summerlin which has merged with CENTURY 21 Aadvantage Gold.

    Sheldon A Schaffer

    Mike Gonyea Real Estate
    2431 Tech Center Ct., Suite 110
    Las Vegas, NV 89128
    Office phone: 702-838-0162
    My Cell Phone: 702-203-8776
    My Fax: 702-362-6369
    My e-mail: sasels99@gmail.com

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