Real estate owned (REO) is the term for a property owned by a lender because it failed to sell in a foreclosure auction after the borrower defaulted on their mortgage.

Why specialize in REO Listings? The top-producing REO agents list anywhere from 50 to 300 or more foreclosures a year. This means writing anywhere from one listing a week to one or more listings per day.

The Real Estate Market operates in cycles and based on history and trends in current market conditions, we may be entering into a Buyers Market which could mean more foreclosures and more REOs.

Larry White with EXP Realty, built a National company around foreclosures, held over 2000 REO listings at a time, and has built out a National REO referral network. He will be joining us to discuss current market conditions and where the market is headed. He will also be sharing his insight on what we, as Real Estate agents, can do to capitalize and align for REO inventory and Opportunities.