This is one of the most important videos because you need to know the benefits but also pitfalls of picking up that phone calling the broker when you see a potential deal… this information is a must if you are going to buy REOs because when you go after bank repos you enter the world of the “agent”… there is no way around this fact, so you need to know how to get around in “agent country”, including the terms, language, and motivation.

Click HERE to view this video in full screen

When you are contacting the broker by email , you should have an introduction, list the terms the bank broker needs in order to create your offer (vesting, length of closing/escrow, inspection period, price of course, as-is) and ASK the broker if that price seems reasonable and ASK for their advice, and state very plainly that you WANT representation and you do not have a broker representing you!!

Download Sample Letter / Email HERE