I like to watch the HBO show True Blood, in that show vampires are open in our society and they have human friends or lovers or companions who protect them when they are asleep and provide blood for them, those humans are called fang bangers
It seems that so many companies out there now have conferences, special memberships for REO agents, REO colleges or programs that would make you a powerhouse, etc.
I was very surprise that with less active inventory, increase amount of agents trying to break into the REO industry and still lenders being very conservative with their loans, some companies that were closed to agents in the recent past are not opening for new membership. I keep getting emails from new AM or REO clubs, programs, education etc. promising to help me get to the top of REO and become the next power REO agent on the planet.
I am sure some agents will fall for that and will pay to "play, learn or network" I used to do the same, when I started in the REO industry I wanted to learn from the experts, I paid for classes from someone who didn't know much about REO, but knew how to hype and sell their crappy education. I paid some AM who after a while disappeared and I loss some money, I paid to go to conferences with thousands of agents to learn more in overcrowded classrooms or to hear some AM about their procedures,etc. Actually I met some great agents and some clients at those conferences, but not at the classes.
At the last conference that I attended I saw agents paying $500 to go party with "asset managers" I wonder if it is worth to do an investigation if those "asset managers" were getting a kick back from the party organizers, or if in fact they are asset managers at all.
I see too many REO "Vampires" out there, they need their fresh blood to live and there are so many REO fang bangers out there giving it to them. We have to be careful and do our research, that is one of the beauties of this forum, we can come here and learn about new companies, new programs, share our experiences, etc.
Unfortunately lately we haven't seen many of that going on, except for few regulars, then it has become a place to repost Activerain blogs, to advertise agents and products, etc.
There are legit products and legit education companies, we have to learn which designations are the ones that most reputable, which designations will help us to open doors, I know at the end is up to us how we develop and do business, but we need to help each other to save money, time and effort,. that is the garlic that keeps the Vampires away.
