Robert Stuart Completes Prestigious RSD Designation to Specialize in Bank Owned Homes

April 19, 2010 - PRLog -- (April 19, 2010) --- Robert Stuart, a Realtor of Professional Real Estate Brokerage in Redwood City, has earned the prestigious Harris Real Estate University Certified Real Estate Owned Specialist Designation (RSD), having completed extensive training in the techniques necessary to secure, negotiate and sell Bank Owned Properties (REOs).  The RSD is the premier designation for Realtors who develop an expertise in Bank Owned properties and this REO training is invaluable during the current severe recession, especially in housing markets where foreclosure rates continue to climb.

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.  For instance, in Redwood City alone, more than 338 homes are in an advanced stage of foreclosure.  This figure represents more than twice the total amount of existing housing inventory for sale.  And it is happening with homes in every price range,” said Mr. Stuart, “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.”

Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors such as Robert Stuart of Professional Real Estate Brokerage in San Mateo County that have an 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, Mr. Stuart has a tremendous understanding of market conditions and marketing techniques that helps lenders sell their REO inventory.”

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 located in San Mateo County, call Robert Stuart for more information (877) 740-5740 or visit http://www.professionalrealestatebrokerage.com

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Specializing in the sale of REO homes and commercial properties in the Redwood City and San Francisco Peninsula area, Professional Real Estate Brokerage lists homes for sale in San Mateo County, Santa Clara County, and parts of Alameda and San Francisco Counties.