I am looking at starting an REO Group or joining one if any of you need and agent from Dallas,TX. I have several agents in my office who do a ton of REO business, and have Fannie, and Freddie accounts. As well as a bunch of others. They share this info with me. However I need accounts they do not already have. I am just now getting into REO. I have been doing shrt sales for 2 years. Anyone from other areas wnat to join together so we can offer more to each other? Let me know.



Sherri Elliott- REALTOR- CRS,GRI,SFR and CDPE





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I'm In!


Steve Capen

Keller Williams - St. Petersburg, Fl





Me too!

I referred an REO listing (via the asset manager) to an out of my area agent just this week.

Karen Hulbert, Lyon Real Estate

Woodland CA/Sacramento. CA



How would you suggest we do this? Maybe by direct email? I am happy to share with out of my area agents but we do need to keep some local secrets ;-}

Steve and Karen,


Great..I am looking for ONLY OUT OF AREA people. So the first ones from your areas get that spot! So far I have both of you. I will make a list, and if you know people from other areas let me know you can send to my email as we get them. We will get our group together fairly quick and then start getting more listings because we can creat a group and say we COVER all those areas with our REO Team! Next we need a name for our group!


I have only represented buyers in REO transactions and would love to get in on this too.


Ray Cardoza

Keller Williams Realty Newport

Servicing South East MA & Rhode Island

Raymond send me your info: Email and phone # I will add you to our list.

Ray Cardoza

Keller Williams Realty of Newport


MA (508) 558-9619

RI (401) 608-3914


Sherri, I would be interested - I have been doing short sales back in the early 90's before it became a cottage industry. Keep me posted on developments and if I can help with anything.



Thanks send me your info I will add you to the list. Are you doing REO listings now? That is what this group is going to be going after..or adding to what we already have.



Yes I have done REO, but locally - I usually refer out of state transactions. For 10 years I was with Century 21 - needless to say we referred within corporate offices. I am with a smaller firm now, attorney/broker owned and operated. 

Here is some of my information:

Krin Christa

GEA Realty

5525 Oakdale Ave, Suite 130

Woodland Hills, Ca 91364

818/888-6000 Office

818/398-1234 Cell

818/804-3372 FAX

Lic # 01163450 (California) 

Sherri, I do REO's for Wells Fargo and other banks through a couple of servicers. Hopefully we can exchange information. I would like to get on with Wachovia...if anyone has info on how to do this I would appreciate it.

May also be helpful to stay within a 30 (or so) mile radius of your office? I really think this is important to know your area & be able to sevice REO's properly. After all we do have to do weekly visits, meet with the water dept, police when someone moves in...stuff like that. We have had so many agents from hours away list that have never even seen the property, they hire a handyman to rekey, take pics. Shamefull.

Sherri, you are in "Conference Country" in Dallas.  Have you ever been to the REO Expo, 5-Star Conference, or REOCon?  Those are gathering of all of the asset managers and REO agents in the country.

I know I am and I have great connections with people here who already do business with Fredie Mac and Fannie Mae, as well as a lot of others asset managers. They told me to start a group and we could all form a group and then share our asset managers with others in our group to help get each other in as a team! All from different areas. Since some will have connections already and can pass a team members name on to that asset manager. I will be attending a few of the conferences you spoke of. The people I know here said it is like a meat market at those conventions. I like the referral based way of doing business. However I am OPEN to anything you suggest for working my way into REO. I only do short sales right now. Any advice is Greatly appreciated!



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