Anybody know if its worth $199 to get on Lamco's network to get REO listings??sssssssssssssssssssssssssssssssssssssssssssSingletary (Tary) H. Snyder, e-ProBroker, Texas Lone Star Realty1015 North Sunset Canyon DriveDripping Springs, TX 78620Off/Vm: (512)892-6800 (512)892-6800 Fax:(512)288-5595 Mob: (512)751-6360 (512)751-6360mailto:tsnyder@snyderhomes.comAlternate mailto:tsnyderus@yahoo.comHomepage:<;NAR (National Association of Realtors) "2006 Good Neighbor Honorable Mention"Volunteers Needed:<;

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  • Hey,

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    BPO Order Accept

  • Tary,

    Stay away from the LAMCO Network!!! They will do nothing but give you "Lip Services" and empty promises.  

    I was bombarded with phone calls and made the mistake of buying a Lifetime Membership as a Restoration / General Contractor in the Denver Metro area.  

    I was promptly sent three work orders and property inspection requests, I thought "Great" this will be a great source of business!!   All three requests took place in Oct & Nov of 2011. The work was completed within 1-2 days of the requests, and I still have yet to be paid.  

    I couldn't get a response regarding payment from LAMCO for almost four months until I filed intent to lien documents with the county clerk, and then received several calls and emails, the latest containing a settlement offer at 50cents on the dollar. I rejected the offer and turned the file(s) over to a Denver collection agency.

    The Liens, Collections, On-Line Postings and Warnings to other contractors will (hopefully) put the LAMCO Network on the radar as being a Very Un-Ethical Business!!!

    Please don't waste your money!!!

  • They just called me. Not going to do it. Thanks everyone!

  • Those who got REOs from Lamco, What other banks do they handle besides US bank? It seem US bank has quite of few properties in my area. I am considering, but  I am not sure. I have checking on the for a year and I have not sign up yet.

  • No it is not worth it......The salesman cannot tell you if they ever had any listings in your area either.
  • I don't think so in my opinion.
  • I was doing occupancy check every month on a property they sent me, hoping I would get the assignment but come to find after about 6 months worth of checking the occupancy the property went to auction. I never got anything for the work I did.

    Luckly it was only about a 1/4 of mile from my office. I have been receiving the emails to sign back up, but I'm not..

    • I've read so many negative about them.... but they are my favorite.... fees are the highest in industry, easy forms....

      I do like lamco.

  • Now they have raised their fee to $259. Is it worth to join them? Do they have any business in California?
  • i recieved a couple of BPO's and nothing more
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