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5 Replies Last post: Aug 13, 2008 5:05 PM by CaliRE

reo properties

Jan 8, 2008 3:08 PM

Click to view lawrebel1's profile Start-up lawrebel1 4 posts since
Dec 27, 2007
Hi,
i need to find a loss mitigator in the BOA bank owned/reo department so i can approach him about investing in real estate. can anyone tell me who/where/how i get hold of these people?
thanks a lot!
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Click to view CorpCons08's profile Mogul CorpCons08 1,128 posts since
Nov 14, 2007
1. Re: reo properties Jan 8, 2008 3:32 PM
Did you try their REO site?
http://bankofamerica.reo.com/

CC08
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
2. Re: reo properties Jan 8, 2008 5:04 PM
Tell us and Bank of America more about you. What is your background??
Do you have a business plan if you are investing in real estate??
LUCKIEST
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Click to view lawrebel1's profile Start-up lawrebel1 4 posts since
Dec 27, 2007
3. Re: reo properties Jan 8, 2008 5:53 PM
Thanks for your reply.

I did but Perhaps I didnt look properly I need to speak to an actual loss mitigator will i find that on the site?
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Click to view USA-CM's profile Start-up USA-CM 1 posts since
Jan 11, 2008
4. Re: reo properties Jan 11, 2008 10:07 AM
Loss mit negotiators are not at the REO department of any bank. To speak with any loss mit negotiator you'll need a specific case/loan number/distressed borrower info and their authorization to receive info on their case/loan - I doubt any loss mit will speak with you to tell you how to go about investing in RE. they would not know what to tell you plus acees to them is restricted and right now as you know they are literally swamped with foreclosures, short sale offers, etc. You can try contacting the Loss Mit department of BofA directly - contact info for loss mit of ALL lenders) can be found at: http://www.workitout.com/mod/glossary/view.php?id=98

Good luck.
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Click to view CaliRE's profile Start-up CaliRE 2 posts since
Aug 13, 2008
5. Re: reo properties Aug 13, 2008 5:05 PM
in response to: USA-CM
REO Departments for all the banks seem to be very difficult to get in touch with, probably for good reason. I however have been trying to get through to many of them to "apply" to represent their REO properties. In calling the banks, it seems nobody can direct me where to go and in most cases I need to explain what REO is. Any idea on how to get through? Thanks
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