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HUD is expected to award the REO Asset Management Contracts

I just heard HUD is expected to award REO Asset Managment Contracts in 17 states.

Does anyone know what 17 states are being targeted?

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Anyone hear of ?  They have a package to get you ready for the new HUD contracts.  I've been a HUD listing agent for years and don't know if these things are worth the money to get ready for the new awards.  His site says some awards are being award today

I did not use them but I used someone else to help me with the package.  I have been in REO for 19 years and I can tell you, I have been working on this package for a month.  A lot of info.  I got the same email from blueprint- it states HUD has already awarded 4 of the awards.   

Can you share who you used?  Rather use a company that I know is good

I used Debbie Caruso, she is President of One Source.  She gave a webinar not long ago.  She is great but the price is not cheap.  Hurry.. she really did a great job on the webinar and has been of great assistance to me.  Let me know...

Just got this from a contact of mine:

Good afternoon,
On behalf of the PEMCO team, we would like to thank you for the many years of service you have provided to our company. We are pleased to notify you that PEMCO’s joint venture with Raine a
nd Company, Sage Acquisitions LLC, was awarded six contracts areas inclusive of the following states: Indiana, Kentucky, Georgia, Florida, Puerto Rico, Colorado, New Mexico, Utah, N. Texas, Delaware, Pennsylvania, Virginia, West Virginia and Ohio.

As a current vendor for PEMCO Limited, it is not necessary to resubmit a vendor application. Your information is already in our system. PEMCO will continue to receive assignments in our existing areas until further notice is received from HUD regarding transition instructions, which we would not anticipate receiving for a couple of months. Until such time, it will be business as usual for all of our vendors.

To our vendors that are not located in the newly awarded areas, we will work closely with you to provide reference letters once we get closer to a transition and will pass along additional information to you.

Again, we would like to thank all of you for being our eyes in the field and contributions you have made to the success of PEMCO Limited.

Kim Shannon
Director of HUD Operations
4500 Cherry Creek South Drive, Suite 410
Glendale, CO 80246 or

PEMCO Limited provides a full suite of real estate solutions, including asset management, valuations...

so, what are the odds that the asset management company will hire new listing agents?  

I would assume that they will be hiring.  In my area there were 3 companies.  HomeTelos, Ofori, and Pemco.  Pemco got the conract, so their volume should triple, since there is only one company now

Thank you Jim.  Do you have the complete list of awards?  I am looking for North Texas.

Pemco sage got N. texas

Thank you.


So the announcement has been made already? I am waiting on my area (New Jersey) I heard Matt Martin is one of the big winners, I see Pemco, now...Anyone else?

It doesn't look like they are set up to receive agent packages.  I didn't recall if I had applied with them before so I simply filled out their regular application which says they don't need anyone.  


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