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H. Kent Lewis replied to Cody Clark's discussion Are You Still Generating Good Income from BPO's and REO's?
"Study how Alt-Option Arms work.  And the time frames associated with them.
Alt-Option Arms were used by people who could not possibly afford the homes 
that they bought in the belief that they could flip them in 6 months for a $100K 
profit.  These…"
Mar 10, 2017
H. Kent Lewis replied to John A Walker's discussion burned by capitol one
"Just an FYI, We had one that was listed but disappear from a web based platform when we went to enter an offer.

Contacted the AM the the AMs response was "Did it go to auction". Well no, if they go to auction we get a contact email and it does not…"
Sep 20, 2010
H. Kent Lewis replied to John A Walker's discussion burned by capitol one
"Call your AM. Could be that they lost the asset. Could be a post foreclosure BK which could get them (and possibly you) in a lawsuit if you go out. Find out from who ever you can get a hold of for resolution. Not legal advise just been there.
Good…"
Aug 13, 2010
H. Kent Lewis replied to Vitaliy Mikshanskiy's discussion NRT REOExperts LLC
"The AMs are great to work with.

They use LPS for reimbursements. It cost you $5 per invoice for the first 5 invoices on any particular property and nothing after the first 5. However, through LPS once you apply for reimbursement and it is approved,…"
Aug 13, 2010
H. Kent Lewis replied to Vitaliy Mikshanskiy's discussion NRT REOExperts LLC
"I too work with REO Experts and am a CB agent. They were told to gear up about 2 years ago to do 5 times the number of listings than they are actually doing now. This was because the Banks were telling all AMCs to anticipate a FLOOD of orders. When…"
May 13, 2010
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