Breaking News….

Across the country the FDIC quietly and quickly ‘takes-over’ banks every Friday. Like a team of highly trained Navy Seals the FDIC swoops in and literally takes control of the lending institution. The FDIC’s process is so seamless that literally the next day…Saturday…they re-open the bank and from the clients perspectives its business as usual.

Now, what happens to the taken over banks ‘Assets’. What happens to all of their ‘distressed properties’….more importantly, how can YOU get those listings.

Realtors, the best opportunities of your career are starting TODAY. Its NOT too late for you to become a REO Listing Agent. There are up to 13,000,000 bank controlled homes that must be sold. Learn now EXACTLY how you can become a highly paid, market dominating REO Listing Agent. Watch the FREE Agent REO Secrets video and grab your FREE Agent REO Secrets book.

Here is an email that I just received from one of our Agent REO Secrets coaching students:

Hey Tim,

Great tip for you…picked this up at the REOMAC conference. Regarding
FDIC assets: The FDIC takes over banks almost every week on Friday
evening and then announcing the take-over the following Saturday.
They always issue a press-release here:

http://www.fdic.gov/news/news/press/2009/index.html

There are two FDIC outsources.  Prescient and CBRE.

These two companies receive all the FDIC foreclosed assets (residential and
commercial).  So, I was told by an asset manager for Prescient that if
I watch the FDIC list every Saturday and I can find out what banks go
under.  Then call him.  It usually takes about 3-months from when the
bank is taken over to the assignment of the assets.  The process is
extremely paperwork heavy but is certainly an opportuntiy.

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