“I need a list of REO companies”, that’s what he said. I replied, “Just having a list of REO companies is not going to make you any money, what do you intend to do with them once you have them? “That is a outstanding question”, he replied. “I was hoping you could assist me with that”

Acquiring a list of REO’s is an important step in investing in” Real Estate Owned”. Nevertheless, before we get too crazy lets talk about some important thoughts about the REO market.

One of the first steps in investing in REO’s is simply understanding what an REO is. REO is an acronym for Real Estate Owned. An REO is a property that has been previously foreclosed on and is now in possession of a bank or other lending institution.

Many investors choose to pursue the REO arena simply because of the abundance of properties available and the potentially hassle-free opportunity it provides. Each bank or lending institution has its own guidelines for purchasing an REO property and these guidelines will need to be followed in order to aquire the best property for your investing situation.

Obtaining a list of REO homes is the first step in the purchase of REO properties. Because of the current economic climate that we find ourselves in, it is becoming increasingly easier to obtain a list of REO inventory from most lenders.

Performing an inspection of the properties on your list will be the next course of action you will want to pursue. One of the most overlooked, yet, important points of REO investing is to remember that REO homes are sold “as is”.

Sometimes finding an investment quality REO property can be like trying to find a needle in a haystack because REO homes are sold “as is”. It is for this reason that the words “I need a list of REO companies” was said. It wasn’t that they wanted a list of REO companies but a list of REO homes that had been pre-screened for investment purposes.

Most REO investors believe that finding a list of this type will be quite difficult, Nevertheless, it may not be as difficult as you may think In Point Of Fact many banks are now providing these types of listings simply because of the overwhelming inventory they find themselves needing to dispose of.

Many banks are now grading their REO houses in order to sell them to various levels of investors. For instance, highest-valued “A”grade properties are typically sold at the local level by realtors at or near market value.The next “value level”, “B” grade properties, are typically sold to investors with more experience, usually at sealed bid or other special auctions. The “C” grade properties are sold as well: they get packaged in bulk for the sake of efficiency and sold to private individuals, groups of investors, hedge funds, etc.

Whether you are a beginning investor looking to break into a lucrative market or an accredited investor looking to expand your portofolio we would like to help narrow your search by providing a list of some of the best holders of REO properties in the U.S.

If you find yourself saying “I need a list of REO companies” we would invite you to simply scroll down this article where you will find a list of financial institutions and links to their REO property portfolios and information.

AmSouth Bank  

Bank Of America

Beal Bank

BB&T

Citibank

Compass Bank

Countrywide Home Loans

Downey Savings

Fannie Mae

FDIC

Fidelity National Financial

First National Bank of Alaska

First Preston

Freddie Mac

Fremont Investment & Loan

GMAC

GRP Financial (Sallie Mae)

HMB

Home Loan Bank

HSBC

HSBC Commercial

HUD

Indy Mac Bank

Integrated Asset Services

JP Morgan Chase Bank

Kennedy Funding

Kentucky Housing Corporation

Keystone Asset Management

Lenders Asset Management

Lexington State Bank

M&T Bank

Mortgage Lenders Network

National Bank of Arizona

New South Federal Savings Bank

Ocwen Financial

PNC Bank

People’s Bank

Premiere Asset Services

(Wells Fargo)

Private Financial Services (Bank of OK)

Regions Bank

REO Nationwide

REO Trans

Security National

Small Business Administration (SBA)

Texas State Bank

T R.E.O

U.S. Department of Agriculture

U.S. Government Home Sales

Unity Bank

US Bank

Virginia Housing Development

Wells Fargo Commercial

Western Bank

Wilshire Credit Corp.

Zions Bank

Canada Mortgage and Housing Corporation

Did you know that by discovering and applying seven simple skills, you could quickly and easily build a fortress of financial security?

As an investor and an entrepreneur I have spent the last twenty years researching numerous ways to achieve passive income, wealth and security.

During this twenty year quest I have had the unique opportunity to study under some of the greatest investment minds this country has ever produced. Many of these great investors I never had the opportunity to shake hands with personally, however, I can always continue to hope.

One of the most important things that I have learned about investing and wealth creation is that one needs a proven and successful system that can be easily learned, applied and managed.

This is what I set out to create almost 3 years ago. During the last 3 years I have spent an inordinate amount of time talking, polling, questioning and studying individual investors across the country and I learned some valuable information that I would like to share with you.

Of the people I surveyed…

71% shared with me that they had spent more money on education than the education had made them.

92% shared with me that they were tired of the “Sales Seminars - Pitch Fests”

73% said they want a “pay as you go” educational program

88% said they would like to choose from a list of strategies.

79% said they would like to learn specific skills from multiple instructors

74% said they would like to learn 1-3 investing strategies per month.

14% said they would like to have someone just do it for them.

Now a lot can be concluded from this, however, I will try to narrow it down to a couple of obvious conclusions:

1. Investors want to be educated and they want the education on their terms.
2. Investors would prefer to “do the work” themselves.

It is because of this information that I wrote the now published (and best selling) book:

MERCATO: The Underground Art of Wealth Creation.

MERCATO is actually an acronym for

1. Master Mind Groups (surround yourself with people who are smarter, faster and richer)
2. Entity Structures (which is right for you)
3. REO investing (The most lucrative real estate there is)
4. Credit (both personal and business)
5. Auctions (Not Ebay or any equivalent)
6. Trading (specific setups and assets)
7. Outsourcing (Getting others to do what you can’t or won’t)

To better help you understand each of the above steps role in achieving your investment goals allow me to briefly elaborate on each one.

Master Mind Groups – In the MERCATO program I teach you how to not only create a mastermind group, but more specifically how to get paid to do so. Surrounding yourself with accountability partners enables you to exponentially explode your efforts and results.

Entity Structures – Each available entity structure was created for a purpose. It is imperative that you use the proper entity for the proper purpose.

REO investing – With the flood of foreclosures that have already occurred and the thousands expected each month, this has created the most profitable and simple real estate investing opportunity we have seen in generations.

Credit – In our society cash used to be king, however, as we become a more global economy credit is becoming the currency of choice. Getting, keeping and using credit as an investing resource is more important today than any time in our nations history.

Auctions – When most people think of auctions, they think of Ebay, and rightly so. Ebay has taught us that the auction process can be simple and fun. Ebay has also brought the auction process to the masses and taught us that it is a viable avenue to selling and acquiring various goods and services. MERCATO teaches you how to use the auction process to quickly and easily flip your REO properties and other real estate for profit.

Trading – When most non-traders hear this word they begin to run for the exit. MERCATO has taken the mystery out of trading by teaching the “what you need to know” information as opposed to hours and hours of frivolous theory.

Outsourcing – We can never achieve greatness on our own, no one ever has or ever will. It is this truth that quickly needs to be accepted and acted upon. MERCATO teaches that each of us has natural talents, strengths and abilities; it is how we use our strengths and the strengths of others around us that could determine how far and quickly we will rise.

Combining the power of these seven simple skill sets can enable anyone to achieve a life of promise, fulfillment, wealth, security and success.