I've had great results with Meridian! Sold my first one within 30 days and currently on my 2nd listing with them. They do require inspections/bids for HVAC, roof &Septic tank. 60 days for reimbursement and they do allow you to file 1099 for contractors and they pay them directly. Good luck!
Sherry, I just signed up with Meridian today for the southern part of LA county, CA. What area are you in and once you were accepted, how long did it take before you got the REO listing? Did you have to do BPOs first? Thanks for your help.
Good to know how they operate. I am glad you had a positive experience and I wish you many more REOs! Let's keep in touch. We can learn a lot from our networking.
Update, I just received a call from MAS, asking if I would do a pre-approved short sale for a client of theirs. This client was offering an astounding $5781 for homeowner relocation, and a 5% commission split evenly with the buyers agent.
Watch it guys..this is how I got started with them. Better than their REO program but it's really just one more person to go through to the Servicer. AND they overprice so the 2 experiences I had led the homeowner straight to foreclosure.
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Hi Deborah:
They actually called me! So once I completed the application I received the listing. I am in Southern Alabama.