America's Largest Social Network for Default Real Estate Professionals
Most of the homes you manage will go to Williams & Williams an auction company. However if the auction fails for some reason you should get the listing. They do pay you for the BPO's but occupancy checks are just for the slight chance the auction company fails. I just recenty got one after a year or so of doing that. The sale was easy. I was told they are planning on moving away from using the auction company's and back to us brokers but who knows.
Stay away from the LAMCO Network!!! They will do nothing but give you "Lip Services" and empty promises.
I was bombarded with phone calls and made the mistake of buying a Lifetime Membership as a Restoration / General Contractor in the Denver Metro area.
I was promptly sent three work orders and property inspection requests, I thought "Great" this will be a great source of business!! All three requests took place in Oct & Nov of 2011. The work was completed within 1-2 days of the requests, and I still have yet to be paid.
I couldn't get a response regarding payment from LAMCO for almost four months until I filed intent to lien documents with the county clerk, and then received several calls and emails, the latest containing a settlement offer at 50cents on the dollar. I rejected the offer and turned the file(s) over to a Denver collection agency.
The Liens, Collections, On-Line Postings and Warnings to other contractors will (hopefully) put the LAMCO Network on the radar as being a Very Un-Ethical Business!!!
Please don't waste your money!!!