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In this clip Lee Honish, 22 year bank insider talks about his days as an REO liquidator and reveals the number one secret to getting REO’s. He also tells the real truth about BPO’s and what the banks think of the agents that prepare them.

While I completely understand why someone not acquainted with what goes on behind the scenes, in the bank, might believe this, it is actually the furthest thing from the truth. In fact, when I hear this come out of an agent’s mouth, it’s THE tell tale sign that the agent REALLY needs my help. In this clip I discuss exactly this question and clarify why the bank really wants you to successfully close the short sale, regardless of what they do or say.