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Are you sure you are not referring to another company with a similar name? I have 24 years RE experience and sold REO before the big fallout. I have listed REO property for Specialized Asset Management (SAMREO) for years and there is ALWAYS a minimum commission of $2,500 to be split between listing and selling agent. So that would have been $1,250. Why did you spend money to get it ready? They have a preservation company that does that. The only thing I have ever paid for was a re-key (reimbursed quickly) and possible an emergency repair such as a window boarding (also reimbursed quickly).