A property becomes an REO if the original owner fails to pay their mortgage and the lending bank is forced to repossess it. The bank then reaches out to qualified REO designated brokers and agents to sell the home and recover their investment. Without access to experienced REO Listing agents, lending authorities must continue to hold onto the foreclosed property as an investment loss.
“The Harris Real Estate University RSD designation has been invaluable as I work with banks and lenders on complicated REO assignments. In the Sacramento area, more than 5000 homes are in some stage of foreclosure. And it is happening with homes of every price range,” said Gennifer Mitchell, “It is so rewarding to be able to help banks rehabilitate these homes, get them back on the market, and find eager homebuyers so we can improve the condition of our neighborhoods. My RSD training through HREU has enabled me to work with more lenders, move more properties and get some of these vacant homes sold!”
Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors such as Gennifer Mitchell with the HREU RSD designation have valuable training in REO properties and can help banks find qualified buyers using our extensive techniques. Through our in-depth training and continuous education programs, these agents better understand market conditions that will help lenders sell their REO inventory.”
The Harris Real Estate University opened in 1998 and provides REO agent training through webinars, teleseminars and teleconferencing. Agents can earn their HREU REO Listing Designation remotely from their offices all across the nation. The RSD is the premier designation for Realtors who develop an expertise in Bank Owned properties.
“Our goal is to prepare our enrolled agents for the increasingly competitive REO market. It’s becoming more difficult for uncertified agents to out-sell our graduates. Our comprehensive RSD Designation gives them everything they need to gain an edge over other agents in their communities,”
If you feel you are in need of more information about REO properties, or if you are a lender looking for a certified Bank Owned Property Realtor, call Gennifer Mitchell with Connect Realty for more information (916) 316-1904
Specializing in the sale of REO and Short Sale properties in the Sacramento area, Connect Realty lists homes for sale in Sacramento, Placer, and El Dorado counties. Contact Gennifer Mitchell at (916) 316-1904, email homes@GenniferMitchell.com for more information, or visit www.connectrealty.com/
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Helping homeowners in Placer and Sacramento Counties to buy or sell a home. Specializing in Short Sales and Bank Owned Properties. I can help homeowners who are struggling with their mortgage, denied for a loan modification, increasing interest rate.