Posts Tagged ‘Asset Managers’
Quick and Dirty Ways to Get REO Assignments and the Deadly Sin You Must NOT Commit!
Last Updated on Thursday, 13 May 2010 09:23 Written by Mike Costigan Thursday, 13 May 2010 09:23
I frequently discuss different strategies, that REO brokers can use, to get REO listings, on REO Rockstars calls. And because we’re dead smack at the onset of home selling season, I thought I’d take just a quick minute, to share 3 of the best ways to get bank owned properties (even though some of you THICK HEADED agents may have been too lazy to sit in on my last one hour FREE REO coaching call 
. So here’s the “lazy man’s” way to cut in line and get your pipeline of foreclosure listings filled right up.
Tags: 3 Ways, Asset Management Companies, Asset Manager, Asset Managers, Bank Owned Properties, Banks, Bottom Line, Building Relationships, building relationships with Asset Managers, Butt, Deadly Sin, Dirty Ways, Email, Exact Words, Fannie Mae, Financial Institutions, Foreclosure Listings, get bank owned properties, get REO listings, Gimmicks, handle REO properties, Lazy Man, Mike Costigan, new assignments, Phrases, Pipeline, REO broker training calls, Reo Properties, REO Rockstars, selling bank owned properties, Zero Resistance | Posted under Millionaire Maker Tips | No Comments
Foreclosure Inventories are Volatile. An Easy Way to Survive as an REO Broker!
Last Updated on Monday, 10 May 2010 01:08 Written by Mike Costigan Monday, 10 May 2010 01:08
I get these questions daily from REO Rockstars subscribers and from foreclosure brokers that I am coaching; “What is happening with bank owned properties?” “Why are the inventory levels fluctuating so much now?” “What can I do to keep from going under?” My explanation is this: The government and the banks are trying desperately to stop this huge flow of distressed properties from hitting the market. The government, of course, wishes to preserve home ownership and neighborhood values. The banks, of course, wish to SAVE MONEY and REDUCE LOSSES. As a result, we are seeing many new programs and strategies implemented, in an effort to keep foreclosures from taking place, and to offset losses, by disposing of bad debt though other means, like short sales. An interesting note that you may or may not know, is that banks are consistently seeing about a 15 point higher return on short sales vs. foreclosures-only makes sense that they look towards these alternatives, as additional methods of property disposition.
Does this mean an END to REO is coming?
Tags: Anomalies, Asset Managers, Bad Debt, Bank Owned Homes, Bank Owned Properties, Banks, Bubba, Distressed Properties, Ebb And Flow, Fannie Mae, Foreclosure, Foreclosures, Freddie Mac, Hamp, Home Ownership, housing bust, Inventories, Inventory Levels, Long Term Solution, Mike Costigan, Myriad, Neighborhood Values, Outright Failure, Property Disposition, Raw Truth, Record Lows, REO assignments, REO broker, REO business, REO inventories, REO Rockstars, Riding The Wave, short slaes, strategies | Posted under Millionaire Maker Tips | No Comments
Would Fannie Mae Hire YOU As an REO Broker?…REALLY?
Last Updated on Tuesday, 20 April 2010 04:07 Written by Mike Costigan Tuesday, 20 April 2010 04:07
Do you REALLY have what it takes to get in with the big companies as an REO broker? Would they TRULY want to hire you to sell foreclosures on their behalf? Be honest with yourself now…Selling bank owned homes is a lot of work and it involves many special REO processes, that you need to know to a “T”, if you are going to be considered for REO assignments from companies like Fannie Mae. To REALLY “get” the ins and outs of the REO business, it’s wise to learn as much as you can, from anyone who will coach, you before taking on much business. Putting the other foot forward first can quickly get you blacklisted by Asset Managers and banks forever.
Just a reminder of some FREE REO training…
Our next FREE REO Rockstars call is Thursday, April 22, 2010 @ 1:00 PM EST. If you are wanting to get your REO sales up a notch VERY QUICKLY then get on this call. You DO want to join us and learn how to make MORE MONEY…Don’t You?! There is NO COST and of course, No-Obligation. It’s a “pitch free” call to get some momentum behind you and to help you fly past your competitors like Jimmie Johnson rounding the last corner towards the finish line!
I will teach you the Three Quick and Dirty Ways to Start Getting Business NOW!
…AND
The Single Biggest Time-Wasting Activity that most REO “coaches” are screwing you with!
WARNING: As usual. The call will be very crowded and “seats” are going to be limited to the first 147 people. Be PROMPT. It would stink to be #148…WOULDN’T IT?
Conference dial-in number: (866) 576-7975
Participant access code: 885267
Time: 1:00 EST on Thursday, April 22, 2010
P.S. As a special bonus, I will be revealing 1 BIG SHORTCUT to getting on board with THE most desired REO client in the country. Write the call-in number and access code down right now and DO NOT MISS THIS!
Tags: Access Code, Asset Managers, Bank Owned Homes, Banks, Bonus, coach, Dirty Ways, Fannie Mae, Finish Line, Fly, Foreclosures, How To Make More Money, Ins And Outs, Jimmie Johnson, learn, Mike Costigan, Momentum, Notch, Obligation, Participant, Pitch, Reminder, Reo, REO assignments, REO processes, REO Rockstars, Reo Sales, REO training, sell foreclsoures, selling bank owned homes | Posted under Millionaire Maker Tips | No Comments
Want to Sell REO properties? Here’s 1 Quick & Easy Way to Cut in Line…
Last Updated on Tuesday, 6 April 2010 12:09 Written by Mike Costigan Tuesday, 6 April 2010 12:09
If you haven’t already taken advantage of “Uncensored REO Secrets“ then invest in your copy today . It’s the simplest and easiest way to discover how to jump into the business of selling bank-owned homes. As a result of the most common questions that I get from coaching members and other aspiring REO brokers that I frequently meet, I put this quick little “blueprint” together, that outlines the most critical steps that you’ll need to take, and the most deadly pitfalls that you MUST avoid, in order to start getting assignments from banks and asset management companies.
Tags: #1 Real Estate Broker, aspiring REO brokers, Asset Management Companies, Asset Manager, Asset Managers, Bank Owned Homes, Banks, Blueprint, Contact Lists, Contact Numbers, Critical Steps, Deadly Mistake, Dnu, Doors, Fairy Dust, First Steps, How to sell REO Properties, Magic Pill, Mike Costigan, Pitfalls, Promises, REO programs, Reo Properties, REO Rockstar, REO Rockstars, Rockstars, Top Of The Game, Uncensored REO Secrets | Posted under Millionaire Maker News & Events | No Comments
(Lack of) SPEED KILLS! – A Useful REO Time Saving Tool that Instantly Gives You a 33% Boost!
Last Updated on Saturday, 6 March 2010 08:41 Written by Mike Costigan Friday, 5 March 2010 01:29
Do you know the #1 killer of an REO business? No, it ain’t strong competition bubba (gosh knows there’s a gaping hole where THAT should be)! And it isn’t bad luck either. It IS the in-ability of lazy, coffee-drinking, sit at their computer all day, whine and moan about the economy, God’s gift to REO, “prima donna” brokers, to get off their fat butts and get their tasks COMPLETED on time! Let me tell you, if you want to be tossed to the curb quicker than Tiger Woods at a Swedish family reunion, then you just GO AHEAD BE LATE big boy! Your Asset Managers will cut your legs out from under you so fast that your competition won’t even notice you’ve disappeared! O.K. look, when you’re selling bank owned foreclosures, it is absolutely CRITICAL to have ROCK-SOLID systems in place, to handle the multitude of things that are thrown your way every day.
Tags: Asset Managers, Bad Luck, Bank Owned Foreclosures, BHGDigital, Biggies, Bubba, Butts, Cart Before The Horse, Family Reunion, Forms for REO Brokers, Gaping Hole, Initial Occupancy Field Report SAMPLE, Lack Of Speed, Little Time, Monthly Inspection Report SAMPLE, Paperwork, Prima Donna, Reo, REO business, REO Forms, Repair Sheet SAMPLE, Swedish Family, Tedious Tasks, Tiger Woods, Time Savers, Ugly Head, Useful REO Time Saving Tools, View Sample REO Forms Here, Whine, Work Order SAMPLE | Posted under Millionaire Maker Tips | No Comments
How to KEEP Getting REO Listings…What Asset Managers want to see.
Last Updated on Monday, 1 March 2010 12:57 Written by Mike Costigan Monday, 1 March 2010 12:55
Good afternoon Millionaire Agent Academy members. In keeping with our special REO training, designed to keep you two steps ahead of your competitors, the following is the latest BIG money making tip from my “REO Rockstars“. ENJOY…
Just a very quick post to remind everyone that you will NOT get away with slacking on utility connections. I realize that this may seem to be a post with a very obvious meaning but I have to tell you that this is probably one of the biggest hangups that AMs have to deal with. I would roughly guesstimate that at least HALF…yeah HALF of the bank owned REO properties that I visit DO NOT have utilities activated. I also know with absolute certainty that almost ALL Master Listing Agreements contain a special section regarding broker responsibilities, specifically, ACTIVATING UTILITIES. I was reminded of this sore subject by an email received from a client today, that listed all of their bank owned homes in the state of GA that DID not have utilities on. The list was MASSIVE. What really amazes me even more than the size of the list,
Tags: Absolute Certainty, Academy Members, Asset Management Companies, Asset Management Company, Asset Managers, Bank Owned Homes, Bank Owned Reo, big money making tip, Checkup From The Neck Up, Deep Blood, Foreclosures, Forehead, Good Afternoon, Hangups, Hero, How to keep getting REO listings, Loser, Marker, Mike Costigan, Millionaire, Millionaire Agent Academy, Red Ink, REO Rockstars, reo training calls, selliing foreclosures, Sore Subject, Two Steps, Uncensored REO Secrets, Utility Connections, What Asset Managers Want | Posted under Millionaire Maker Tips | No Comments