Matt Peters replied to Bayo Oshinnaiye's discussion Who has worked with Team Lear asset management Company in Colorado?
"Without an inside witness, any legal action would probably have been difficult or even impossible. The "one year refund period" makes it difficult to immediately claim being victim of fraud. And. by the time a year rolls around the company can be…"
Aug 20, 2015
Matt Peters replied to Bayo Oshinnaiye's discussion Who has worked with Team Lear asset management Company in Colorado?
"One of the previous incarnations of this scam got several years back. I was ashamed that I was conned, and just let it go.
However, I was contacted about a week ago by phone and simply refused their "offer". In another call this AM. I decided to…"
Jul 20, 2015
Matt Peters replied to R. Ann Ellis-Hall's discussion Team Lear
"Ann,
Please be more specific. Do you have personal experience with Team Lear? Do you have knowledge of legitimate REO assignments and business?
Their mode of recruiting agents is nearly identical to a string of previous companies tat were scammers…"
Jul 20, 2015
Matt Peters replied to Stephan K Black's discussion Nationstar Lists a property offers 1% commission to selling agent
"Well, at least to some extent it is still a free country. Possibly not for long? We still can work with who we choose.
I do see Corporate sellers doing "stupid things" all the time, and sometimes I am even involved. But we all have to work within…"
Mar 9, 2015
Matt Peters commented on Pam Maglione's blog post New Fannie Mae Appraisal Program - Jan 26th
"Could be a problem if Fannie's comps trump the appraiser selected comps. Of course the "blind" automated approach to selecting comps and generating valuations is always better then human experience. Not!. "
Feb 23, 2015
Matt Peters replied to BOB ROUSE's discussion VA Listingsw
"I too had a few years of VA properties when Ocwen had them. If I recall correctly, there were 12-14 month stretches with a gap between them. then there was an isolated spurt of 2 or 3 properties before BoA (countrywide) took over. I still remember…"
Oct 10, 2014
Matt Peters replied to Sally H May's discussion Old Republic 30 day listing agreement Is that normal?
"There are a number of REO management systems that use the 30 day listing, but they renew automatically, or on completion of your monthly report. The problem with ORDS is what they do in 90 days. So if you are overpriced, be aggressive with them…"
Aug 15, 2014
Matt Peters replied to Douglas Mueller's discussion WHY DO WE EVEN DO BPOs ANYWAY?
"I do very few "Fee BPOs" these days, but I have done hundreds over the years. The initial BOP, pre-Listing BPO and the Updated BPO are what we all want. They mean we have the listing.
While I suppose you could consider it a profit center, the time…"
Jul 14, 2014
Matt Peters replied to Matt Peters's discussion TruCap - Truman Capital
"They manage their properties on Res.net. I assume a good Res.net profile is how they choose brokers assign listings."
Mar 20, 2014
Matt Peters replied to Wendell Funderburg's discussion REO Pro Corp
"Tom Wilson called me and did a thorough interview. He claimed that I was referred to him by REO Brokers Association. I had been a member, but let my membership laps over a year ago so that seemed strange. I was "bit" a few years ago, paid $395.00,…"
Mar 20, 2014
Matt Peters replied to Wendell Funderburg's discussion REO Pro Corp
"They have an elaborate website and signup process, so they seem more credible than previous versions of the "pay to do free BPO(s)" scam. But if it walks like a Duck, and sounds like a Duck....."
Mar 19, 2014
Matt Peters posted a discussion
I noticed an old discussion questioning TruCap as a real Asset Management Company or not. So I thought I should chime in.I have listed, sold and closed a couple of properties with them and have several more pre-listings. They have been great to work…
Mar 19, 2014
Matt Peters replied to Shawn Doran's discussion LAMCONetwork
"LAMCO has been good to work with, although the listings have been more a trickle than "volume". Many of the properties they handle (BPO and inspection requests) are sold wholesale. Some keep LAMCO to market them, others do not. There are some that…"
Aug 4, 2013
Matt Peters replied to Neil Huthert's discussion BPOS that are too complex/take too long to do for the fee.
"Over the years I have listed properties for Ocwen -- mostly VA properties. Never really got many requests for paid BPOs, we all like the "free" ones we have to do when we get the listing. A couple of years ago the BPO requests started, and when I…"
Aug 4, 2013
Matt Peters replied to Matt Peters's discussion Reverse Mortgage Properties
"In our market, traditional sales (non-REO and non-Short Sales) typically have the Seller picking up Appraisal, Survey, Title/Escrow fees, Title Insurance, Home Warranty and usually some loan cost and/or repairs. Most REO and Short Sales allow SOME…"
Aug 9, 2011
Matt Peters posted a discussion
Although Reverse Mortgages are a FHA product.  Properties acquired as a result of "fulfillment" of a Reverse Mortgage are being sold through Fannie Mae. They are not "Home Path" properties. And, they do have their own unique issues due to special…
Aug 8, 2011
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