Playing by REO rules a tough sell

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

I got a call from a would-be investor the other day. She had an address and insisted she needed to buy this property, which was bank-owned. The rub? It wasn't listed on the Multiple Listing Service (MLS), but it had been previously. I took the address, looked up the title information, and made calls to all my inside contacts with that asset manager and bank -- all of whom very politely asked me to tell this gal to take a flying leap. This lady was nothing if not tenacious. She'd attended several get-rich real estate seminars, watched a bunch of infomercials touting buying bank-owned homes as the next great real estate investing scheme, and she would not take "no" for an answer. No matter what I said to her, she wanted me to go around that person: the previous listing agent, the asset manager, etc. "Straight to the bank!" was her marching order."No way," was my response. "I can't burn bridges for all the other bank-owned buyers I work with.&...