“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

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