Realtors® - How does it work?

Bank Owned (REO) - Utilize the Fastrack selling process with at least the Buy Now and Online Auction modules enabled. You can use the Make Offer module also, if you have a close relationship with the bank’s REO Manager or decision maker. Being able to get a quick response is the key. The REO manager must be aware of (see Seller Agreement in Member's Area) how our system works, and the importance of a timely response to any offers received via the Make Offer pricing module. Bank Owned properties generally sell quickly and are usually subject to multiple offers, therefore, the Online Auction module works best. Many REO managers will insist on you holding the Online Auction. They are familiar with the auction method, and know that it is the best way to liquidate their properties.

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