Clay Kime, REOM, CDPE, RDCPro replied to Brian Roberts's discussion Banker REO - Another Wolf in Sheep Clothing???
"Hi Gang,
 
I just got a call from them.  Same presentation as others have said.  They need a pre-foreclosure BPO done (only the Zip code was disclosed) in 3 days and they will give me the subsequent REO assignment, after I give them $349 to sign up…"
Aug 17, 2011
Clay Kime, REOM, CDPE, RDCPro replied to Bob Coffey's discussion Absolute REO Solutions??
"Hi Gang,
 
Well believe it or not, I did receive a full refund ($295.00) from Absolute REO, thanks to Sal.  He was good for his word.
 
While I would certainly rather of had an assignment or two instead of the refund, the refund was refreshing in a…"
Mar 14, 2011
Clay Kime, REOM, CDPE, RDCPro replied to Bob Coffey's discussion Absolute REO Solutions??
"Just an update to Sal @ ABS:
 
I signed up and paid over a year ago.  Never received anything from ABS (not even a BPO).  I requested the promised refund at the end of the 1-year term and have not received anything.
 
OK Sal, here's a chance to make…"
Feb 4, 2011
Clay Kime, REOM, CDPE, RDCPro replied to Johnny Huang's discussion LAMCONetwork-for real or just like the others that charge??
"I think the answer is common to all registration sites.  They have limited georgaphic areas of presence.  I think LAMCO is a reputable vendor.  However, I did sign up last year and received no assignments, not even a BPO.  When I was solicited to…"
Dec 10, 2010
Clay Kime, REOM, CDPE, RDCPro replied to Art D Segna's discussion NAR's Short Sales & Foreclosures Certification versus CDPE
"Having done both, there is absolutely no comparison. CDPE is in-depth, detailed and systematized. SFR is a course that will give you enough "buzz-words" to be dangerous. . . to your clients and other agents.

Do both, but if you have to pick only…"
May 11, 2010
Clay Kime, REOM, CDPE, RDCPro replied to Catherine Marie Carruth's discussion Short Sale investment Property - Should I walk?
"Hi Catheriine,

No please don't walk. It is an opportunity to help someone and also be compensated.

Credit Damage:

Short Sale: 24 months
Foreclosure: 7 years
Bankruptcy: 10 years

You won't know what the banks' release terms will be untill they…"
May 11, 2010
Clay Kime, REOM, CDPE, RDCPro replied to Bonita Malone, GRI, SFR, CDPE's discussion What is the best REO Certification to have?
"Bonita,

Great question!

Certifications are not a substitute, but this marketplace is changing.

There are lots of schlocks out there willing to give an endorsement/certification for $200 or $300. But there are also a number of "content rich"…"
Jan 10, 2010
Clay Kime, REOM, CDPE, RDCPro commented on Dorit Katz's blog post Commission Held for Ransom
"I'm not a lawyer, but it sure seems the attorney that did such a thing would have licensing problems were the ABA to find out about it. What stinkers!

Hope it works out for you, and never happens again."
Dec 17, 2009
Clay Kime, REOM, CDPE, RDCPro replied to Billie Dalessio's discussion REO Con- Anyone heard of them?
"Hi Billie,

Ok, so I was more than skeptical about yet another REO Convention/Event. I have been in contact with Hugh Elder about the details of this event and I am really encouraged and exited about the program and participants.

There is an…"
Dec 13, 2009
Clay Kime, REOM, CDPE, RDCPro commented on John Accornero's blog post Buyers Need To Be Truely Qualified
"You are on target.

But the loan originators will still find a way to game the system. It remains about making money . . . no matter who gets hurt. The god of capitalism is a "small "g"" god It’s not The God.

There's lots to clean-up and reconcile…"
Dec 4, 2009
Clay Kime, REOM, CDPE, RDCPro commented on Rick Fine's blog post REOMAC- Bahh-Humbug!!!
"It seems we live in a society where "paying your dues" is repugnant. (And I don't mean that monetarily.)

REOMAC like other well run organizations are overwhelmed with mass applications to join. I'm not a member, but would be privileged for the…"
Dec 3, 2009
Clay Kime, REOM, CDPE, RDCPro replied to Robert Reid's discussion Top down short sales
"Hi Robert,

Happy Thanksgiving!

I actually have been following this with BoA, who is reported to have provided the cash and pressure for REOTrans (Equator) to implement the SS Module. On Wednesday aftrernoon, I was told that there have been some…"
Nov 28, 2009
Clay Kime, REOM, CDPE, RDCPro commented on Clay Kime, REOM, CDPE, RDCPro's blog post Mortgage Default Rates to Rise
"Yup! Yalc was there."
Nov 23, 2009
Clay Kime, REOM, CDPE, RDCPro commented on Jose Rivas (DGRA) CDPE, SFR's blog post SFR
"Comment by Clay Kime, REOM, CREO, CDPE 56 seconds ago Delete Comment Thanks Jose,

You have described the difference completely. Thanks!

I'm glad to see you got the CDPE also. I think, in this market, it should be required of every single agent!…"
Nov 20, 2009
Clay Kime, REOM, CDPE, RDCPro commented on Clay Kime, REOM, CDPE, RDCPro's blog post Mortgage Default Rates to Rise
"Hey Dan,

Thanks for the kudos.

The interviewer for this piece was Yalc Emik, a nationally noted and beloved dyslexic journalist veteran in our market. I was privileged. (degelivirp)

I hope the worst of the housing and mortgage crisis is behind…"
Nov 20, 2009
Clay Kime, REOM, CDPE, RDCPro commented on Jose Rivas (DGRA) CDPE, SFR's blog post SFR
"OK, I'm quite curious,

It doesn't sound like this class/course had much - if anything to do with short sales and the moral and ethical responsibility one accepts when listing an equity deficient property for an insolvent homeowner, with nowhere…"
Nov 19, 2009
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