Hank Bailey with Prudential Georgia Realty earns the REO Specialist Designation (REOS)

May 12, 2010 - PRLog -- The REOS designation is offered through American Real Estate
University. Areas of study completed include;

REO Buyers Specialist

Working with buyer(s) interested in purchasing a Short Sale or REO property is different from working with a local private seller. You will be negotiating direct with employees that represent the bank, lender or an outsourced asset management company. These negotiators primary mission is to obtain the highest net return in the shortest amount of time in a sale transaction. Each company will have specific policies, procedures, addendums and a specific timeline performance to complete a sales transaction on their property. These instructions vary in the this arena. Buyers must read, understand and agree to these various requirements prior to submitting an offer.

Financing Your REO Property

It is a great day to buy! Interest rates are below 6%, great selection of inventory and sellers are willing to roll out the carpet in buyer concessions to entice them to visit their property. Many changes in the mortgage arena within the last 30 days and more to come effective January 2010. Financing an REO "as is" property today can be challenging. During this course study Hank had the opportunity to learn many new laws, regulations, qualifications and various "buy and repair" finance programs to purchase an REO home that needs "TLC" or maybe the heating and AC unit is missing plus lender required repairs for financing.

The designation provides Hank with the knowledge and credentials to provide Broker Price Opinions, Manage REOS, and work with confidence with Buyers of REOS or Bank Owned Properties and Homes. Hank can be found online at http://www.hankbailey.prudentialgeorgia.com.