National REO Brokers Association

National REO Brokers Association National REO Brokers Association (NRBA), the nation’s leading network of REO professionals. Trusted. Proven. Effective. Benefits of NRBA Membership
1. NRBA.com

We provide top-tier asset management, disposition solutions, and expert real estate services to banks, servicers, and asset managers. The National REO Brokers Association (NRBA) stands as the premier network of elite real estate professionals specializing in Real Estate Owned (REO) properties. With over 25 years of excellence, the NRBA has meticulously recruited, vetted, and trained top-tier members who typically manage more than 100+ REO transactions annually - far surpassing the national industry average. Making NRBA members some of the most experienced and successful REO brokers in the country. Exclusive Access to Industry Leaders: NRBA members enjoy unparalleled opportunities to connect directly with key decision-makers in the REO sector. Private "members only" events facilitate direct interactions with REO clients and asset managers, fostering relationships that lead to exclusive REO listings.

2. Comprehensive Training and Resources: Members receive continuous education through weekly webinars, client-led training sessions, and private seminars, ensuring they remain at the forefront of market trends and best practices. Additionally, access to the RIO Genesis Office Suite—a platform designed specifically for REO brokers—enables streamlined workflows and superior service delivery.

3. Prestigious Designations: The NRBA offers the Certified REO Specialist (CREO) and Default Management Specialist (DMS) designations, recognizing members' expertise and commitment to excellence in the REO industry.

4. Collaborative Network: Membership provides access to a supportive community of seasoned professionals nationwide. This network encourages collaboration, referrals, and shared knowledge, enhancing business growth and success.

5. Direct Support from Leadership: Members benefit from one-on-one access to NRBA's founder and president, Michael Krein, as well as other top industry leaders, whose insights have propelled numerous members to significant financial success. Advantages for Clients Utilizing NRBA Members
1. Unmatched Expertise and Experience: NRBA members are among the most experienced professionals in the REO industry, with many handling over 100+ REO transactions annually. This extensive experience ensures that properties are managed with precision and professionalism, maximizing returns and minimizing risks.

2. Accurate and Reliable Property Valuations: Members excel at determining the highest and best use of properties, understanding current market conditions, and providing detailed repair scopes and bids. This expertise ensures clients have a comprehensive understanding of property values in various situations.

3. Efficient Renovations and Repairs: With “hands-on” experience managing property renovations, NRBA members ensure projects are completed on schedule, within budget, and to the highest standards, thereby enhancing property value and marketability.

4. Rigorous Vetting and Selectivity: The NRBA's selective membership and vetting process ensures that only the most capable and trustworthy brokers become members. This rigorous selection process provides clients with confidence that NRBA members are the best in the business.

5. Community Impact and Ethical Standards: NRBA members are committed to improving communities by supporting residents, stabilizing neighborhoods, and promoting homeownership. Their ethical approach ensures that doing the right thing aligns with achieving the best outcomes for clients and communities alike. Join the NRBA Community
For real estate professionals aiming to elevate their REO careers, the NRBA offers a pathway to unparalleled success. By joining this elite network, members gain access to exclusive clients, advanced training, and a collaborative community that fosters growth and excellence. Partner with NRBA Members
For asset managers, banks, and servicers seeking the highest standard of REO property management, NRBA members represent the gold standard. Their proven track records, comprehensive expertise, and commitment to ethical practices ensure that your assets are managed effectively, efficiently, and with the utmost professionalism. Experience the NRBA advantage—where excellence meets integrity in REO property management.

NRBA Video NewsWednesday September 30, 202610:00 am PST /12:00 Noon CST / 1:00pm EST Weekly NRBA Video News Segment with...
09/26/2026

NRBA Video News
Wednesday September 30, 2026
10:00 am PST /12:00 Noon CST / 1:00pm EST

Weekly NRBA Video News Segment with Current Updates and REO Information Hosted by NRBA President Mike Krein & the NRBA Board of Directors

This Weeks’ Special Guest Host NRBA Director Michael Olszewski

ALL THE LATEST INFORMATION FOR THE COUNTRY’S TOP REO BROKERS

NRBA Video NewsWednesday September 23, 202610:00 am PST /12:00 Noon CST / 1:00pm EST Weekly NRBA Video News Segment with...
09/20/2026

NRBA Video News
Wednesday September 23, 2026
10:00 am PST /12:00 Noon CST / 1:00pm EST

Weekly NRBA Video News Segment with Current Updates and REO Information Hosted by NRBA President Mike Krein & the NRBA Board of Directors

This Weeks’ Special Guest Host NRBA Director Henry Vega
ALL THE LATEST INFORMATION FOR THE COUNTRY’S TOP REO BROKERS

40,277 FORECLOSURE FILINGS - REOs UP 42% YEAR OVER YEARThe August foreclosure numbers are in, and the trend continues mo...
09/17/2026

40,277 FORECLOSURE FILINGS - REOs UP 42% YEAR OVER YEAR

The August foreclosure numbers are in, and the trend continues moving higher.

According to ATTOM:

40,277 properties had foreclosure filings - up 1% from July and 13% from last year.

25,894 properties started foreclosure - up 7% year over year.

5,794 properties completed foreclosure and became REO - up 22% in one month and 42% year over year.

That 42% increase in completed foreclosures is the number everyone in the distressed-property industry should be watching.

South Carolina, Nevada and Florida posted the nation’s three highest foreclosure rates. Florida also led the country with 3,189 new foreclosure starts, while Punta Gorda had the second-worst foreclosure rate among major metropolitan areas.

Texas recorded an extraordinary 1,835 completed foreclosures - nearly one-third of all REOs reported nationwide during August. (Texas has one of the nation’s fastest foreclosure timelines - so it always leads and sets the pace that the other markets then follow)

This is not another 2008-style collapse happening overnight. It is a slow-burning distressed-property cycle that continues building month after month.

Many homeowners will still have opportunities to avoid foreclosure through loan modifications, conventional sales, short sales and lender-initiated coordinated sales - but only if they receive qualified assistance early enough.

For agents and brokers, the message is clear: The business is changing!

The professionals who understand short sales, loss mitigation, foreclosure timelines, and REO will be the ones positioned to help these homeowners, and receive the business as the market continues changing.

THE DISTRESSED PROPERTY CYCLE ISN’T COMING...

IT IS ALREADY HERE!

Data source: ATTOM August 2026 U.S. Foreclosure Market Report

NRBA Video NewsWednesday September 16, 202610:00 am PST /12:00 Noon CST / 1:00pm EST“Special Training and NRBA Discount ...
09/14/2026

NRBA Video News
Wednesday September 16, 2026
10:00 am PST /12:00 Noon CST / 1:00pm EST

“Special Training and NRBA Discount on Company Cam”

Weekly NRBA Video News Segment with Current Updates and REO Information Hosted by NRBA President Mike Krein & the NRBA Board of Directors

This Weeks’ Special Guest Host NRBA Director Roy Barnhart

ALL THE LATEST INFORMATION FOR THE COUNTRY’S TOP REO BROKERS

NRBA Video NewsWednesday September 9, 202610:00 am PST /12:00 Noon CST / 1:00pm EST Weekly NRBA Video News Segment with ...
09/04/2026

NRBA Video News
Wednesday September 9, 2026
10:00 am PST /12:00 Noon CST / 1:00pm EST

Weekly NRBA Video News Segment with Current Updates and REO Information Hosted by NRBA President Mike Krein & the NRBA Board of Directors

This Weeks’ Special Guest Host NRBA Director Sarah Lin

ALL THE LATEST INFORMATION FOR THE COUNTRY’S TOP REO BROKERS

DON’T LET THE SUMMER SLOWDOWN FOOL YOUFORECLOSURES ARE STILL RISING.ATTOM’s July 2026 numbers show:• 39,906 properties h...
08/27/2026

DON’T LET THE SUMMER SLOWDOWN FOOL YOU
FORECLOSURES ARE STILL RISING.

ATTOM’s July 2026 numbers show:
• 39,906 properties had foreclosure filings
• 26,648 new foreclosures were started
• 4,764 properties completed foreclosure and became REO

Compared with July 2025, total foreclosure activity increased 10%, foreclosure starts increased 10% and completed foreclosures jumped 23%.

That last number matters.

These properties aren’t just entering foreclosure. More of them are completing the process and becoming REO.

Some people will look at the June and July numbers and say foreclosures are leveling off. We don’t believe that for a minute.

We see this slowdown almost every summer. People at the banks, servicers, law firms, trustees and asset management companies take vacations. When 10% to 20% of the people responsible for processing files are out of the office, the entire pipeline slows down.

That doesn’t mean homeowners suddenly stopped falling behind. It means fewer files were processed.

Once everyone gets back from summer vacations, we fully expect foreclosure filings, starts and completions to begin climbing again.

Based on what we are seeing in the pipeline, we still believe we could finish 2026 at approximately 525,000 properties with foreclosure filings.

The markets with the highest July foreclosure rates included:
1. Punta Gorda, Florida - 1 in every 899 housing units
2. Killeen, Texas - 1 in every 1,359
3. Las Vegas, Nevada - 1 in every 1,394

Nobody is calling for another 2008 crash. That isn’t what this is.

This is a slow-burn distress cycle that will continue building over the next several years.

Inventory is increasing. Properties are taking longer to sell. Sellers are cutting prices. Insurance, taxes, HOA assessments and other ownership costs keep rising. Equity is beginning to disappear in softer markets. “Financial Stress” is still rising.

RIGHT NOW, THERE ARE NEARLY 2.2 MILLION HOMEOWNERS ALREADY DELINQUENT and behind on their mortgages and the more important number is that the 90+ day delinquencies are also rising faster than expected - meaning recovery is now even less likely.

These folks now must either try to sell or face foreclosure.

For lenders and servicers, a properly handled short sale (a/k/a “coordinated sale”) will usually mean a faster recovery, lower carrying costs, less liability and a smaller loss than completing the foreclosure and taking the property back as REO. Hence, they are being encouraged.

For REO brokers, short-sale specialists and agents trained to handle coordinated sales, this is a tremendous opportunity.

Probably 90% of agents don’t understand this market. They don’t know where to find distressed homeowners, how to approach them or how to get these transactions closed.

That leaves the market wide open for those who do.

These sellers are motivated. They are easier to identify than ever because of today’s data and technology. And there is far less competition than in the traditional listing market.

The distressed market is not just coming back. It is already here!

The people who prepare now will be the ones helping the most homeowners and handling the most business as this cycle continues to build.

Looking forward to attending the Five Star Conference in Dallas, an annual tradition I have enjoyed for many years.The b...
08/26/2026

Looking forward to attending the Five Star Conference in Dallas, an annual tradition I have enjoyed for many years.

The best part is always spending time with longtime friends, clients. and partners throughout the REO and default industry.

At the NRBA, we view our clients as true partners.

Our experience, resources, industry data and nationwide network are always at their disposal.

Our members are among the most experienced, highly trained and best-equipped REO brokers in the entire country, always providing clients with immediate local expertise and the best boots on the ground in virtually every market.

If you are attending Five Star and there is anything the NRBA or I can do to help, please reach out. I would love to meet with you while we are all in Dallas.

NRBA Video NewsWednesday August 26, 202610:00 am PST /12:00 Noon CST / 1:00pm EST Weekly NRBA Video News Segment with Cu...
08/24/2026

NRBA Video News
Wednesday August 26, 2026
10:00 am PST /12:00 Noon CST / 1:00pm EST

Weekly NRBA Video News Segment with Current Updates and REO Information Hosted by NRBA President Mike Krein & the NRBA Board of Directors

This Weeks’ Special Guest Host NRBA VP of Client Relations Jaysen Greenleaf

ALL THE LATEST INFORMATION FOR THE COUNTRY’S TOP REO BROKERS

THE BEST REO BROKERS NEVER STOP LEARNING.On October 29 and 30, NRBA members will gather at Universal’s Helios Grand Hote...
08/20/2026

THE BEST REO BROKERS NEVER STOP LEARNING.

On October 29 and 30, NRBA members will gather at Universal’s Helios Grand Hotel in Orlando for our next members-only Business Development Seminar.

This is one of three live, in-person events NRBA conducts each year exclusively for the top REO brokers in the country.

Our members learn from one another, spend valuable time with clients and strengthen the systems, practices and relationships required to succeed in this industry.

But our education doesn’t stop when the event ends.

NRBA members also receive:

• Weekly 90-minute REO educational and market-update webinar
• Ongoing specialized on-line training classes throughout the year

This adds up to hundreds of hours of REO-specific education, resources and practical instruction each year - something no other group can match.

This commitment to continuing education is one of the reasons NRBA remains the “gold standard” for REO brokers - and why our members are consistently among the most knowledgeable, prepared and qualified professionals in the country.

Experience matters. Education matters. Preparation matters.

That is the NRBA difference.

NRBA President Mike Krein - one of the industry's top experts on REO, Short Sales, and all things "distressed real estat...
08/20/2026

NRBA President Mike Krein - one of the industry's top experts on REO, Short Sales, and all things "distressed real estate” just had another article published in INMAN News this week - worth the read.
https://www.inman.com/2026/08/19/how-to-handle-real-estate-short-sales-in-2026/

Short sales are ticking up in 2026. Here's how agents can guide underwater sellers through the process — and avoid the pitfalls.

Address

PO Box 6962
Miramar Beach, FL
32550

Opening Hours

Monday 8am - 4pm
Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm
Friday 8am - 4pm

Telephone

+18552906722

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