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An inquiry about LRES: YES, they do pay. And they are now assigning listings! I just got 2 that have already gone to sheriff sale and I did the occupancy checks this week. Both vacant. YEAH! Both on lockbox and standard keys. YEAH!
Actually all the above as commented by you. This is one of the largest in the US which had a reo dept. before the government found out they tried to get agent to price low. I fought with a short sale valuation which was kicked back with more questions. In this case, I told them to order their own report from a professional appraiser. That triggers a compliance issue.
Two weeks have passed I feel good not have to deal with this company. I picked up ones or twos from small companies for more $ /rpt and showing rental homes between listings. Thanks for asking
CECE - I grew up in Summit County. :-) LaBron has gone HOME! :-)
thank you CeCe I do about 30-40 a week. since I am semi retired from regular real estate so the auto saves me a lot of time. I am sorry about your physical issues. It is He** getting old. I am with you there. I must cut back. I feel they expect too much for too much work and so little pay. Better to work another avenue in real estate. But I have to eat.
I saw you have worked with Selene. I have 10 assignments. We are a new judicial state w/ 6 mo redemption. I got the 1st listing contract and was totally taken back. Non exclusive listing w/ 3 clauses that are designed to eliminate procuring cause. A clause to make their payment of utilities at their discretion. At any time during the 3 mo. listing period they can pull it for special programs (REO to RENT I assume). Broker is not entitled to any expenses incurred if pulled. This does not exclude utilities or repair expenses. This leaves me so exposed. I am afraid to move forward.Contract is dangerous to my business as written. I have $15k in repairs slated. The pay direct to contractor but can disapprove & stick me with the repair bills at any time. (2.1% -$150 pyramid tech fee) . Is this typical? Have you has good experience with Selene? How many have you closed? Any info would be so appreciated.