Thread: How to become Forclosure specialty,RealEstate Agent?

The answer to your first question is no and as to your second question the answer is sort of. If you want to specialize in pre-foreclosures then you get your real estate license like everyone else. Then when you have accomplished this you get a list of all the new defaults and approach them about selling their home. If yu have someone that is willing to hire you your real work begins. You must find out who the loss mitigation specialist is for the file. Then you need to know what asset management firm will be gaining the file. And if necessary find out which PMI company carries the file. Now you attempt to get them to approve a payoff amount that you base your list price off of. Once you have this set up then you must market that property hard useing every tool available to agents. Make sure you learn how to stage a property so that it shows as well as possible.

If you want to sell bank foreclosures then you will need to apply to every asset company that services your area until you find one that will take a shot on a new agent. Once you get your shot you need to be very diligent and document everything. Furthermore you need to stay very organized and have rapid automated methods to keep your asset manager informed on the marketing of the property. The less work the manager has to do on the file the quicker you will build your rep.

Good Luck!

Thank you so much James for your great information, and answering my other question too.
Wish you the best of luck.

If you don't want to wait around for listings and instead want to become the foreclosure king for your area, then hit the buyers via classified ads.

Run ads with drivers to your website and offer a free list of foreclosures for your area.