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I have been with Res.net for 2 years and I have only recieved 2 listings from them. My renewal is always in March and right before march they give me 1 listing which has always sold and commission pays for the year. I recieved one listing in 2010 and it was pulled after bpo and permits where done because there where issues with title that was 2 months ago and still have not recieved the listing back. I recieved one bpo order in 2010. I dont think I will be paying for res.net. I do however get many listings throughout the year from keystone. But with Keystone I will get one listing and once the bpo is done then they usually assign another property nothing more than 3 at a time but once they all sell then they dont assign for a month or so. Not sure why this happens. I really would like to get a fannie account and also with home steps. An agent in one of my offices closed 242 units last year all fannie and home steps but of course he wont share his success, cant blame him. I would also like to know how to to get in with HUD, if anyone knows please share, thanks
Prudential One Realty
I have had trouble getting my foot in the door at Keystone & Fannie as well. We have a Team here in our office that is Fannie/Freddie/HomeSteps and they've been giving me ones in areas that are too far of a distance for them to travel, but other than that, nothing there either. Res.Net has been my biggest client, hands down, for the past 2 years. I know for me, it's been about the relationships I've been able to build with their team members when I was servicing my first few deals with them, that has helped me retain new listing assignments throughout the year.
Best of luck in 2011!
i got 2 REO's from resnet in 2009 and 1 at the end 2010. suspiciously close to renewal time...
i have done a ton of BPO's, though. most of the assignments are from the some company - but no REO's from that company yet. is it ture that asset managers from different companies will see your name on BPO's you do? i've done a lot of them on several platforms with that concept in mind. thanks to everyone for all of the input.
I agree with you too , They need to start clean and with the large amount of REO's everything is on hold. I t needs to hit bottom to be able to start new and start seeing some recovery in the long run. Also there are so many short sales that are scams that eventually the banks are going to get fed up with them too do that they are just playing with the system , either listed too high so no offers will come , or way too low, lower than average because they have an investor who will buy it and then rented it to the current homeowners. That is making thigs worst because of those activities , it is going to get harder to get an approval in short sales. I already have been seeing many of the low ball short sales getting back to the bank. More REO inventory.
On the other hand I need to get more in the REO business, we all had to start somewhere I heard many times to do BPO's but so far that haven't work I had done more than 1000 BPO's and haven't see any REO listings. That is why I wanted to start the paying route . I guess some people got some from RESNET and some not , but has anyone got anything from VRM? Dispo?