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  • Let's not continue asking about REO companies on that 2009 conversation. Let's start a NEW discussion for each company.
    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. 

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