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…With 35 years experience managing multiple hotel assets for third parties, doing takeovers, turn-arounds, and structuring distressed properties for eventual sale, I am seeking the opportunity to list and sell these properties. I have worked with both
Read more…ok, everyone including me is blogging and talking about...REO NEWS Titanium Launches New REO company Excellen REO HOT OF THE PRESS I haven't even had a chance to read everyone elses yet...anyhow...This is so new and fresh that my source tells me we a
Read more…Has anyone been able to determine if being certified as gotten them business? If so, which certifications seem to have the most value?It seems that the business to go into is providing certifications since so much is spent to get them.
Read more…FOR IMMEDIATE RELEASE:REO CON Default Industry Summit Conference January 29, 30, 31, 2010Anaheim, CA. REO brokers, investors and lenders from around the country will gather in Anaheim, CA, in January for a conference focusing on opportunities in the
Read more…Anyone finding REO resumes helpful in growing their REO business? If so, are you willing to share a sample or template?
Read more…I am all about competition and ensuring fair playing fields, but I think that the new Buyer's Choice Act that Gov. Schwarzenator signed this week ignores a pretty significant fact - cradle-to-grave title/escrow efficiency.Recent Article by Managing R
Read more…I just wanted to remind everyone on REOPro that there is a lot of "house cleaning" going on in the default servicing industry right now. REO agents are being wiped out of databases nationwide for various reason, one of which is out-dated information.
Read more…I cant seem to crack these to institutions - do they use outside asset mgmt companies? Can anyone tell me the application process for IndyMac or GMAC Rescap. I can help with other companies if you need it. Thanks
Read more…All,GoHoming.com is a new online auction web site for REO properties. It is owned by Altisource Portfolio Solutions which was spun off by Ocwen Financial Corporation. As such, it has lots of inventory and lots of relationships. Its sister site, http:
Read more…Got an email asking me to do business with them. They are an REO company that has a sign up fee. Anyone know of them? Thanks
Read more…Hi Everyone.I am new to this site and the REO business. 2009 was/is a good year but I need to expand my business into more categories. I've done some research and read several posts on REO Pro and found some useful information; however, I'd like to k
Read more…Went to do a relocation assistance aka cash for keys for a homeowner who lost her case in the supreme court of NY to overturn her foreclosure proceeding.She is not the only person in eviction that I have using an attorney to try to overturn their for
Read more…Geez, I just hate losing listings like that. This is the third listing that has been cancelled that I have had with 24 Asset. It's Fannie Mae that's doing it, not 24. But what is Fannie doing?Just to make it funnier, I get asset manager asking me to
Read more…I have had a great experience this fall attending the REO and related conferences. In a time when the industry is ambiguous at best it's refreshing to become a student of the industry. The last conference I was fortunate enough to attend was the AREA
Read more…I have access to a few hundred properties in Indiana and Ohio. Some are REO and others are non-performing notes and the foreclosure process has been started. Let me know if you're interested.email me: ryan@wattsliving.com
Read more…I'm looking to understand the systems and processes that drive REDC. Has anyone had any success with their auctions? I hear the properties revert to their real estate company if they're not sold at the auction. Is this correct?Also, there was a repor
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