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Hey Everyone,

I was wondering if anyone is a listed broker for this company. I am interested in learning about their process for assigning REO's and, more specifically, how they handle the assignment of preservation and rehab work. Any insight would be greatly appreciated!

Best,

John J. Keitzer

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Hi John,
I have 3 in prelist with them now. I was referred to them by another Agent. They handle the preservation directly so you don't have too. As far as rehab, I do not know yet. They use dispo as their platform but are changing it this week to their own. They give you an allowance to keep the property managed, such as cleaning, lawn care, etc. So far so good in my eyes......good luck!
Thank you for the insight Michele. So that I am clear, they give you an allowance and you decide on who handles the cleaning, lawn care, etc.? Thanks again.
Hi John, National Default Servicing aka Prestige Properties in CT. If you google or bing you'll find same address' in Berlin, CT. I am located in CT, so NO chance I will ever get anything from them, as Prestige covers state for REO's. Really easy to sign as a new Broker with them, But I wouldn't as we are competitors, so why give them all my am contacts as references?
Owen REO also located in CT, as well as Owen Real Estate. They are for real, and do assign listings throughout the US.(unfortunately they also cover CT themselves) Davis Owen has been in the business 20+ years and is reputable (also easy to co-broke with) hope this helps.
Thank you Billie!
I have done 5 listings for them have one pending right now. They are easy to work with but they won't pay any utility or other bills if you miss their tight deadline after close. I think it's 5 days. I have several of their asset managers emails if you want...
Stephan,

I am sorry that I am just seeing your response! I would truly appreciate any contact information you may have. E-mail me at jkeitzer@abbaconstruction.com, or give me a call any time at 904-886-2990, ext. 216.

Best regards...
Hi Stephen,
I'd greatly appreciated if I can get a copy of the AM emails. I've been trying for over 3 years to get in with them. I'm from Orange County, California.
Sorry, my email would help huh.. REO.LA.Orangecounty@gmail.com 714-488-3732
If you could send me your AM contact email list, I would really appreciate it. rriturban@cox.net or info@reohomefinderaz.com
Have a great day!

I got this email from National Default Servicing last night.  Does this mean if I do their property inspection I may get a listing?  What do they mean in marketing status?  It does not appear to be a standard paid BPO they are asking for...

~~~~~~

Good Afternoon  Broker,

I am working on a project for our client for some assets that are in marketing status.  Please advise if you are able to complete a interior property inspection for the property located at 700 **********, Tampa Fl, 33602

If you are able to assist NDS,  Please use the attached form to record your findings. Return property inspection forms propinspection@defaultservicingllc.com  within 3 days of receiving this email.

·         Our goal with these inspections is to ensure our properties are being properly maintained and client requirements are being met.
 
·         Upon completion of this inspection The National Groups and National Default Servicing will note your willingness to help in your profile.
 

·         If at any time you are unable to complete this inspection, please email propinspection@defaultservicingllc.com.
 

 


Hi John,

My only experience with National Default Servicing is the promise of being the realtor next in line for a particular listing is it doesn't sell within their 90 day limit.  In exchange for that position, I have done 2nd opinion BPO's for them for free, as they do not pay.  We'll see if they perform or not, as one of the listings has a 90 day deadline coming up next week.  I'll let you know if they follow through or not.

 

Kathy

Anybody paying the monthly fee that NDS/ISIS charges in order to receive BPO/REO assignments? If so, is it paying off?

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