Most contracts come directly from the asset management companies. You can also get contracts from the realtors. go to: www.listbankrepos.com They have an excellent foreclosure cleaning training guide with the reo contacts included
Hot Market Alert.
There is lots of work with small local banks -- going out of business banks. Go to FDIC website look up failed bank List. Contact the receiving bank. There is a system called "Texas Ratio." Do a Goggle Search. This will tell you which banks will be going out of business, over 1400 closed or will be closing. Goggle "failed banks" for you area. Banks fail because they have a ton of REO's that must be cleanup before conveynace to the new bank. Get a list of the top ten banks that buy other banks, like US Bank, MN or FDIC, etc... God Bless
PS: Get on the FDIC mailing list of failed banks. I get 3 to 5 failed bank notices every Friday. Just because a bank is in another state does not mean they don't have properties in your state. Contact all.
When you get the FDIC info about which banks have failed, who do you contact and where do you find that info? I get the FDIC emails but not quite sure what I should be looking for in them or on their website.
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