Unless you list a property directly from the bank you will always pay a referral fee to the asset management companies. Asset management companies get paid by those fees and the reason why these companies are so popular is because most banks do not want to hire so many people that they will later have to layoff when the reo's disappear.
Hey Sunny, Just joined this site today. I'm wondering how did you do with Carrington Mortgage. Does it take long time for their preliminary process? I work with First Preston and they offer 1% as well. I guess that is pretty standard.