I specialize in selling REO listings and HUD homes. I likewise use an REO starter package to assist agents discover how to offer REO listings and how to get REO listings from banks, asset management companies, and hedge funds. REOs are homes that have actually been foreclosed on, and the bank acquired that house (what is a special agent in real estate).The REO agent has lots of duties since the owner of the home is generally in another state and will never see the home. REOs can be a great income due to the steady stream of listings that come to a successful REO agent. Short sales are houses owned by homeowners, however the house owner can not sell the house for adequate money to settle what is owed on the home.