REOPro - Real Estate Default Professionals

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Altisource New Insurance Requirement for Real Estate Agents

I sold several REO listings for Altisource last year where I was the 2nd or 3rd agent they had turned to and I was the only agent that could sell their junk and then one day got a notice that I was terminated and no longer qualified to sell their listings. I contacted all the asset managers I had dealt with and they either wouldn't or couldn't tell me why. Finally, I spoke to someone who told me, they had no reason they could give me but have the option to do whatever they want and they chose to no longer give me the business. 

I have to admit I wasn't sad, they were only paying me $800 GCI and paying themselves the rest of the commission to two companies they had listed on their listing agreement. I knew what I signed up for so I never complained and always looked at it as a resume builder but always had in the back of my mind that they were creepy, their properties crummy and their whole approach kind of dirty. 

Goodbye Altisource

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