Mike Shannon

Current

President at REObyREO, a division of Metropolitan Real Estate LLC
Foreclosure Team Leader at Real Estate One - Dearborn

Past

Realtor at RE/MAX Preferred Inc.
Realtor at Century 21 Curran and Johnson

Education

University of Alaska Anchorage

Recommended

7 people have recommended Mike

Connections

500+ connections

Industry

Real Estate

Websites

Mike Shannon’s Summary

I am the Foreclosure Team Leader for the Shannon Team, and we have been selling and managing REO properties in large volume since 2000. In 2008, my team sales team was ranked in the Wall Street Journal in the top 30 real estate teams in the United States, based on 400 closed transaction sides. As of October 1st, 2009, we closed over 467 REO property transactions. In 2000, I also developed ACT4REO software to effectively manage hundreds of REO properties simultaneously. Our goal is to streamline the REO process from first assignment to final disbursement of the file after closing. Our REO management software system operates at a 99.9% up time and we are able to give real time status on all assets when our clients need it. We have a highly trained staff of REO professionals including a Closing Manager, Closing Coordinator, Valuation Manager, Listing Coordinator, Property Coordinator, Billing Coordinator, Sales Coordinator, Field Inspector, Short Sale Specialist, and five Buyer Agents.

Find me online:

Yahoo: theforeclosureguy@yahoo.com
Gmail: theforeclosureguy@gmail.com
Live: theforeclosureguy@live.com
eMail: mike@shannonteam.com
Blackberry: theforeclosureguy@tmo.blackberry.net

Facebook: http://www.facebook.com/theforeclosureguy
WordPress: http://theforeclosureguy.wordpress.com/
Twitter: http://twitter.com/foreclosureguy
LinkedIn: http://www.linkedin.com/in/theforeclosureguy
Ning: http://reopro.ning.com/profile/MichaelShannon
Zillow: http://www.zillow.com/profile/ShannonTeam/

Mike Shannon’s Specialties:

We specialize in the marketing and sales of REO (bank owned) properties in Southeast Michigan. We developed a REO Database Management Software system for real estate agents that track all aspects of up to 10,000 REO properties simultaneously.

Mike Shannon’s Experience

President

REObyREO, a division of Metropolitan Real Estate LLC

(Real Estate industry)

June 2008 — Present (1 year 6 months)

Brand development of the REObyREO network of foreclosure specialists, using a asset management system specifically developed to provide consistent and streamlined results to REO clients.

Strategic consulting, including business plan, team member development and training, increasing sales, strategy development for new and existing foreclosure teams.

Comprehensive SQL database system customized for the management of REO properties and short sales.

Instruction on managing REO properties using both on-site and off-site classes.
Foreclosure Team Leader

Real Estate One - Dearborn

(Privately Held; Real Estate industry)

June 2007 — Present (2 years 6 months)

Team Leader for the Shannon Team, one of Michigan's premiere foreclosure teams since 1999. Our office is located in Real Estate One's Dearborn building. My team closed 423 REO transaction sides in 2008.
Realtor

RE/MAX Preferred Inc.

(Privately Held; 11-50 employees; Real Estate industry)

June 1995 — June 2007 (12 years 1 month)

Worked as a Realtor at this office since June 1995. Created the Shannon Team in 1999 and forged our first bank relationship in 2000.
Realtor

Century 21 Curran and Johnson

(Privately Held; 201-500 employees; Real Estate industry)

April 1991 — June 2005 (14 years 3 months)

Started my career at this office.

Mike Shannon’s Education

University of Alaska Anchorage

1983 — 1986

Additional Information

Mike Shannon’s Websites:

Mike Shannon’s Interests:

Boating, Sailboats, jazz festivals, the Carribean, the Yucatan Penninsula, the Greek Islands, Italy, Egypt, Jamaican rum, trade winds, beautiful things and fun people...