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"I closed a sale with them and I just listed a property with them that is not moving. Overpriced. It is on an auction site. Don't like online auctions. They made me send an extension to a buyer that I did not represent and I advised them that this…"
"they are fine, they pay every week direct deposit. They pay better with Commercial but they will pay"
"I have never gone to any of their conventions or symposiums. It is a waste of my money and I don't have time to take several days off. Most of my REO business is coming from REO Network or referrals. I get some business from RESNET."
"I get a few listings from them a year. mostly from new clients. My old clients seem to be disappearing. I used to get alot of listings but now maybe a half dozen throughout the year. The commissions are lousy, they get worse with every new client."
"Like others, I got at least anywhere from 25 to 50 listings a year from them, now I am getting very little. Some of my bigger clients like Bayview seem to have dried up. I was getting the bulk of my listings from them but I have only had one listing…"
"Keybank is horrible to deal with, so is Citizens, which are the two banks that FAS deals with. The attorney for Citizens Bank is very very difficult to deal with. "
"yes I have worked for them for years. You will get at least some BPOs and REO assignments a year from them. They are ok to work for and it depends on what asset manager you deal with how difficult it will be. They are slow, however like everyone…"
"You will get almost nothing from them if you do not pay for the premium so something is better than nothing. "
"I am noticing a slow down in getting reimbursed from certain companies. Anyone got anything information on Security National? I am having trouble getting reimbursed and my contractors are not getting draws to do rehabs from them. "
"some companies are slower, some are busier, I think that this is cyclical or buyouts. I had one company tell me that the election is messing things up. I think this will eventually iron itself out. One week I am busy, the next week slow."
"I have gotten several listings from them and am working a few for them at the moment. I get the work if they get the listings either as an REO or short sale, the problem is that many of them do not end up as an REO. Either way they are good to deal…"
"I think that eventually they will go back to paying more for a bpo and using good agents. It annoys me when new agents get work that I used to get."
"Sharon, I would not worry about the bankruptcy as much. Many people in general who would normally have good credit have had to file chapter 13 or chapter 7. Medical bills and the IRS have hounded a lot of people, especially realtors. That will not…"
"I have been getting higher fees to go to outlying areas but the gas and wear and tear on my car is getting to be too much. They reject these more rural ones due to limited comps, etc, but at least it keeps things steady. REO listings are getting…"
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Comments
I was a pas agent for 6 years. I am in California and wonder how to get to the REITS. I sure appreciate any help.
On my first sale I would be glad to give you a 25% referral fee if the help.
Kindly,
Stacey A Miller
stacey@staceymiller.com
risky business taking orders from companies you never heard of.. Be very careful because some are "no good" and do not pay
Hi Colleen, I am sorry you feel unhappy with comments directed towards you or anyone else for that matter. REOPro Default Professionals is a REO social network that invites all members of the REO real estate industry to participate. Our membership expands to not just agents but, to Asset Managers, BPO Providers, Loss Mitigation Specialist, Owners, Executives and anyone else in the REO real estate industry. Participation in REOPro is strictly voluntary and at your privilege.
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