REOPro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

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?

Views: 8209

Reply to This

Replies to This Discussion

Thank you for the direction Deborah.... Can the same AM be awarded the same area? I am in NJ (3p) . There were two AMs before. Is it one to AM now?

There is just 1 contractor per area.  All contracts have been awarded.  And from the chatter, all of the areas are going to be protested.

Where do you get your chatter?  People you know and/or from website blogs?

People I know

Are protests a formal process? Do they delay the start of the contracts?

I just got back this email from a contact I have at BLB Resources which was awarded the HUD Asset Management contract for Michigan:

The new contract has still not been announced. They did extend our current contract through 12/31/15, but we are not accepting any new LLBs until the announcement is been made…and then based on what the announcement is.  Please keep in mind that BLB Resources will only select one LLB from any given office.


P.S. Additionally Important Information Below:

BLB Resources Training Calendar (All Events)-

I want to make sure i haven't missed it. Has the award for MD/DC been awarded yet?

yes all the awards have been made, Sage got MD/DC

thank you deborah. I sent you a email a few minutes ago. did you receive?

Am i correct in seeing that Matt Martin was awarded 2D area solely?  I am in Missouri and everything I have seen Missouri is not one of the listed states under the area 2D.  We are currently LLB's for PEMCO. 

It looks like Matt Martin did get 2D but Missouri is not listed as one of the states.  An error I presume.

Thank you.  I assume an error too. Since these new assets were awarded now and Matt Martin is now solely 2d area, will they open up for new LLB's to apply in this area. We are currently LLB"s for PEMCO and have been for the last 3 years.  I am new to all of this since that this is my first year going through a change in the asset managers.  We have tried for the last 3 years to secure another HUD contract with the other asset managers. Any tips you can provide or willing to share with me.  I am looking to grown and REO/HUD department for my broker.  


© 2020   Created by Jesus (Jesse) Gonzalez.   Powered by

Badges  |  Report an Issue  |  Terms of Service