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Cindy Billman, CDPE Female Southlake, Texas United States: Share

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Started this discussion. Last reply by Cindy Billman, CDPE Oct 29.

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Search for an REO Professional by entering your zip codes in this format XXXXX, XXXXX,

75022,75028,75056,75057,75067,76021,76022,76034,76051,76039,76040,76052,76053,76054,76092,76118,76131,76148,76179,76180,76182,76244,76248,76262

I service the following counties.....

Dallas, Tarrant and Denton

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Texas

I have the following REO Certifications, Designations and Memberships

REOMAC, NAR, TREPAC, TRELA, RES.NET, REALTRANS
REOTRANS Silver Certification, HRC, CDPE

WHEN RESULTS COUNT - COUNT ON ME!

Over 30 years experience as a Texas Licensed REALTOR with 15 years as an REO Asset Manager and Loss Mitigation Negotiator. I specialize in REO exterior/interior BPO's, Cash For Keys, loan workouts. I cover most of the Dallas - Ft Worth metroplex. Having worked on both sides I know what mortgage companies and banks want. I stay on top of our changing market. I inspect my properties weekly and have a quick turnaround time. I am available 24/7. And I offer virtual tours on all of my listings and each of my listings appear on over 40 different websites for maximum exposure. References furnished upon request or visit my references on Linkedin.com

Cindy Billman, CDPE's Blog

REO CERTIFICATION AND TITLES

I decided to pull some statistics out of curiosity. NRBA is probably one of the most prestigious and most recognized of all realtor organizations and they have a designation called CREO (Certified REO) that, I believe, cost members about $300 to take the course and get their CREO designation. Currently, NRBA has 1,039 agents throughout the country and guess what? Out of 1,039 agents only 63 have their CREO designation! Wow, by my calculations that is about 6% of their members! I do not mean to b… Continue

Posted on July 9, 2009 at 12:13pm — 15 Comments

SLOPPY REO AGENTS

OK - another pet peeve I have to air! I just completed 2 BPO's, the first one was listed and in the MLS but there were NO, ZERO, ZILCH photos for this property in the MLS system, nor were there room sizes or any additional info. This REO has been on the market since 11/16/08 and has gone from $129,900 to $115,900, what a disservice to this bank! Stats confirm that 65% of buyers find their homes on the internet with the majority on Realtor.com. Our MLS automatically inputs listings on Realtor.com… Continue

Posted on July 2, 2009 at 9:20am — 5 Comments

STOP THE GREED

First, let me say that I love this website and it has been a great place to share information with other realtors around the country.
Second, I know most of you are probably sick and tired of the greed that has been running rampant for several years in this industry. I believe in everyone making as much money as possible but I draw the line when the information is being sold that can be obtained for free. So here is my advise and warning.

DO NOT PAY for a list of REO companies, asset management… Continue

Posted on June 26, 2009 at 9:54am — 10 Comments

THE PERFECT DRIVEBY OR EXTERIOR BPO

John Occhi did a fabulous job of describing how to do BPO's (John, did I train you?) I want to elaborate on the Driveby BPO. The Driveby BPO is the MOST critical BPO you will ever do. Most drivebys are pre-foreclosure values. This means the banks need to determine the FMV (Fair Market Value) in order to determine how much to bid for the property at the foreclosure sale. I.E., the bank has a property in default with a principal balance of $180,000 (at one time banks would bid as high as the PB bu… Continue

Posted on June 19, 2009 at 5:23pm — 15 Comments

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At 11:00pm on November 10, 2009, Richard Lawler said…: Hello Cindy,
I have been with Titanium Solutions which I think is a great company with a great mission. I was wondering because after doing about 27 assignments over the past year I have yet to get one listing. Even following up still none have gone forward to sell their homes. What kind of success have you had thus far? Richard Lawler rdlawler@netzero.net

At 9:50am on November 2, 2009, Billie Dalessio said…: Hi Cindy, read your ask the AM, and wondering if you felt reomac was not worth the trip. I am assuming you went to FL from TX. 5 Star is in your backyard.

At 1:30pm on October 29, 2009, Sam Shueh said…: HI CINDY,
Relet: CDPE
I was thinking about the cert. as a few agents at the office got it. Question is when you do the online can you take the test more than once? What % you had to get right to pass the 50 questions.
Sam Shueh
Keller Williams

At 12:54pm on October 29, 2009, Stephen D. Johnson said…: Cindy,

We are looking to build a strong team of Realtors to work with in Dallas area in order to be better able to service our lenders in the disposition process of their REO properties. Please contact us at 888-771-9222 or by email at info@absreo.com. You can also go to our website at www.AbsoluteREOSolutions.com and click on the Join Now button to begin the approval process.

At 10:12pm on September 30, 2009, Van M. Agakanian said…: Hi Cindy, I am a fan and value your comments and certainly enjoy reading your blogs. If you'd be attending REOMAC, I'd love to meet up with you at the convention.

At 12:41am on August 30, 2009, Gary Mitchell said…: Cool Cindy, most I work with just want a value between your comps, they don't care about unknown repairs, declining neighbhorhoods, etc. Some of the folks on the other end of the BPO just want the nunbers to match the other comps no matter the real value of the Subject.

At 1:16pm on June 6, 2009, John Oliveri said…: Thanks for response. I have not been able to get any of the blast email BPOs but I do get offered. We love to get a foot in the door.

At 12:39pm on May 18, 2009, Arlene Garcia Hanner said…: Hi Cindy,
I am curious as to how it is working out for the newbie agent you are training. So many AMs are not taking on any new REO agents. Do you think your new agent will be able to get on board with any of the AMs? Do you offer any training / contact introductions to agents outside of your area?