I have a short sale listing that we have gotten an offer on. The property is listed for $39,900 and the offer is close to asking price. The outstanding loan is $91,xxx. There has been 2 drive by BPOs done as well as a full appraisal. There is a $40K
Read more…They invited me to join at platinum level ($69 per year) to receive listings. then later that same day I get this email from some agent saying he couldn't recommend them and they didn't pay on time. Still trying to figure out how he got my email addr
Read more…I just got an email from RES.NET informing me that if I am not register with them I need to be in order to receive assignments from Excellen REO.
Is anyone using this vendor for their websites? If so, does it drive traffic? They seems to charge 2 to 3 times what other web vendors charge. (Apx. $150/month for their basic website). Most others seem to be $50/month or even less. What do they pr
Read more…I have done 8 BPOs for this company since 12//31/2008. I have not received any payments. All I get is orders for more BPOs. Anyone had any luck in getting payment from this company?
Thank you.
S. Ferren
ReMax Realty Group
Read more…Hi Everyone
I was in the process of preparing a short sale package for a client who has two mortgages on their property: Chase is the first ($105k) and Trustco Bank is the second ($48k). I have an offer on the property for $90k, which is a reasonable
Read more…Hi everybody I am trying to revamp my website I have one of the godaddy do it yourself and I think I need something a little more presentable and easier to use. I know there are tons of companies that offer websites for agents, and the options can be
Read more…Old Republic is now requiring REO Courses for all brokers/agents in order to continue to receive REO Assignments. I would think if you've already taken FSI, RDCPro, NFSTI, OneWest, Res.net, Equator, this would be enough? I guess I'll just pay anothe
Read more…Has anyone worked with investors who buy properties through a short sale, lease it back to homeowners, and then let the HOs buy back the home in three years with good credit at TODAY'S market value?
Hey all -
I know some banks are with REOTrans and some with ResNet. I'm wondering which banks are with which outsourcer. Any feedback would be greatly appreciated.
Read more…If anyone could help me find a BOA contact in the Denver Metro area it would be greatly apprecaiated. Thanks.
Read more…I just took the test for FAS on line and it said I failed. I have no idea how that happened. I have been doing REO's for 8 years for PAS and have dealt with every situation asked. I called and talked to someone name bubba. He said I wasn't using the
Read more…I have been really slow with few new assignments over the last six months. Anyone else? Any word on when we will smarten up and start taking the homes back?
Read more…Looks like as of March 1st Wilshire will be closing their REO Dept. according to a letter sent out to brokers.
"A spokesperson with BofA told REO Insider that the bank will retain ownership of the loan portfolio serviced by Wilshire, and they were not
Read more…I hear that Fannie Mae is bringing on 15 new reps next month to help with the heavy load of REO inventory getting ready to hit the market. Anybody hear this or anything else about it?
Read more…I have been reading how important it is to get some training behind your belt, even if you have done your share of BPO's, Short Sales and REO's and I'm wondering if anyone has attended the training through Loss Mitigation Network.
They didn't say it
Read more…Does anyone out there get any REO listings from Goodman Dean? Especially in the N. Georgia area? I have completed a few BPO's over the years for them & got a call for a rush order today which I accepted (they caught me on a good, not so busy day). I
Read more…I was wondering if any of you have had experience with New Vista. For a while they were not accepting new brokers but recently started to accept new applications. So, they make you fill out an application and if you are "approved" then you have to
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