REO Specialist Designation

REO refers to properties that a lending institution/investor has acquired due to a repossession of the home, also known as a foreclosure. Foreclosure is the legal process by which an owner’s right to a property is terminated, usually due to failure or inability of the owner to make mortgage payments on a timely basis or to comply with other conditions of their mortgage obligation. The lending institution/investor (which may be the original lender or a subsequent holder of the mortgage) becomes the legal property owner and offers the home for sale to recover the amounts owed to it.

Representing lenders of foreclosed homes is complex. Having an institutional client is different than having a traditional home seller as a client. As a real estate broker working with banks and asset management companies and their REO properties, Michelle has much to offer from the perspective of a listing agent.

  • Familiar with the duties and responsibilities of an REO broker
  • Business requirements as an REO broker
  • Preparing broker price opinions
  • Understands the potential pitfalls in working with asset management companies
  • Answers the most frequently asked questions about working with HUD REOs
  • Familiar with the new Washington State Distressed Property Law, as required by DOL.


Michelle has represented over 130 bank owned properties and understands the commitment of time and financial resources required to become a successful REO agent.