Today's Class on Selling REO Properties

I spent 2 hot, stuffy, but informative hours, in a class on listing Real Estate Owned property today. That's bank owned homes, for you laymen. The big difference in getting a REO listing versus a traditional one is that the bank doesn't care about your personality, just about your statistics. Since I've never listed a REO property, I found this a little discouraging. The most interesting thing I learned today is that experts are predicting 70% of sales over the next 3 years to be bank owned or short sale homes. Also, that banks are working hard to make it easier to communicate with agents, and short sale home owners. They don't want to have too many homes and dump them all on the market at the same time. That will just drop prices and revenue for everybody. They are actively working on improving their procedures and methods for handling short sales and REO, and if that much of the business is going to be in their hands, they better do a good job!