How To Search Bank’s REO Inventories Online

Hey, Patrick Riddle here, Faculty Member at The REI Brain.

I’ve got an awesome resource for ya that you can use to search a bank’s REO inventory online.

I shot a video to show you the process step-by-step… and how I found a local bank with $27 million in REO property.

Check out the video below (and resource links below the video)…

Here’s the link to the FDIC website where you can search bank’s REO inventories.

Leave your comments and questions below.
Happy Investing!

– Patrick Riddle
Faculty Member at The REI Brain

P.S. – Want to learn more about Bulk REO?

As I mentioned in the video, I learned about this awesome resource from Susan Lassiter-Lyons… and she has an in-depth video where you’ll learn 6 simple steps to a $50,000 payday buying, flipping, or brokering Bulk REO.
It’s definitely worth checking out.

Click the link above… and enjoy 🙂

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Jeff Middleditch October 2, 2012 at 9:03 am #

Hey Patrick,

Good stuff, except when I search Indiana, nothing in my area (Elkhart, South Bend) comes up. Only 26 locations and none anywhere around me.
Also is there any way to get down to the actual properties?

Thanks,
Jeff
Dave P October 2, 2012 at 4:31 pm #

Patrick-

Good stuff.
How would you use this information when dealing with a bank since it doesn’t list specific properties owned? It is nice to know they have REO’s and if their inventory has gone up or down recently, but how would you use it?
Also, it doesn’t seem to list a lot of the local banks in my state. Is this screening banks for certain criteria when I search the way that you showed?
Thanks for the info….

Dave Pavlisko
LEE COPE October 3, 2012 at 5:36 am #

THANK YOU PATRICK FOR TAKING THE TIME TO SHARE THIS INTERESTING INFO WITH US. I GREATLY APPRECIATE IT. HAVE A BLESSED DAY!
Jim Senner November 3, 2012 at 7:41 am #

Why do I have to listen to 5 minutes of junk to hear the tip? I don’t care how long you’ve been working, where you are from etc. I gave up when you lost your page.
reibrain November 12, 2012 at 4:34 pm #

Patience is a virtue my friend. Not everyone who watched the video knows who I am so I feel its a good thing to set that stage sometimes before I dive in. Sorry it didn’t jive with you.