Las Vegas Real Estate / REO Blog

I'm looking for 4 to 6 other REO agents in different markets to share ideas, mastermind, and help each other to grow their business buy sharing contact and helping each other "get in" with clients that they are not currently in with. There will be no competition due to all agents being from diffe...

Through all of the networking and masterminding that I've participated in, one thing always comes to light as a problem that REO listing agents run into..........poorly written offers from buyer's agents!!! I've been working on an offer on property for over two weeks now and my assistant or mysel...

Well since the last post, there have been some great things going on. First I wasn't able to make it to either of the big REO conferences (5 Star & REOMAC), and I was really bummed about that. However During the time that 5 star was going on, I picked up two new clients!!!! Guess how I got them b...

I just had the conversation with one of my REO buddies today about people looking to get into the REO listing side, but not being willing to pay dues!! To date, I have done THOUSANDS......I repeat THOUSANDS of BPO's in the last year. No I don't have a BPO team or someone else doing them for me, I...

During a recent mastermind a top REO agent in the country stated that he wouldn't be surprised if one day in the not to distant future we will be selling REO properties for only 1%!!!! That with the possible consolidation and government involvement with many financial institutions that the possib...

During a recent REO mastermind (yes a group of REO agents in the same market CAN sit down and share information with each other!) one of the top REO agents in town stated that "The days of the old grumpy, bad attitude REO guy is coming to an end." That the REO market is evolving and fresher, youn...

The SHIFT tour is coming to Las Vegas, NV on November 11th, 2008, taught by the books author Gary Keller himself.  When I first heard of SHIFT I thought "OK, here's something else talking about the shifted market." But after doing some more research on it (I'm the biggest skeptic out there) I got...

Wow, yesterday Premier Asset Services (Wells Fargo) cut a large number of agents in the Greater Las Vegas area. Some good friends of mine got clipped. One of my buddies had about 30 properties with them which represented about half his inventory and he got cut! I spoke with my Well Fargo lender y...

Ok, new update to the Las Vegas REO tale. Since part 2 we've closed the two that were in escrow and have 3 more in escrow. I've picked up another big client that's I've been looking to work with for awhile now (Servicing 3 REO clients now)!! It's been a huge learning curve, but now I've got a han...

I just got an email yesterday about IndyMac using default school for training for thier current and new agents. Did anyone else get this?   Dear Indymac REO Agents and Brokers,   On August 11, Indymac is introducing a mandatory formal education initiative as part of the application process and ex...