REOPro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

Seb Frey
  • Male
  • Santa Cruz, CA
  • United States

Seb Frey's Friends

  • Andrea Cruz
  • Lacie Moore
  • Carlos H. Silva Sr.
  • RonnieH
  • John Wise
  • Regina P. Brown
  • Lori Crenshaw
  • John Occhi
  • Jackie V
  • Reginald Michel
  • SusanM
  • Jesus (Jesse) Gonzalez

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Profile Information

Search for an REO Professional by entering your zip codes in this format XXXXX, XXXXX,
I service the following counties.....
Santa Cruz, Santa Clara, Monterey, San Benito - California
Enter your state in the 2 letter abbreviation format.
I have the following REO Certifications, Designations and Memberships
RDCPro (Default School), RES.NET, REOTrans (Platinum Certified), Five Star Professional (FSP), A-REO Agent, CPV (NABPOP)
How did you hear about REOPro Default Professionals
I don't remember!
What is your business address? (Postal Format ONLY)
3555 Clares Street, Suite WW
Capitola, CA 95010
What is your office phone number (xxx-xxx-xxxx)
What is your fax # (xxx-xxx-xxxx)

Seb Frey's Blog

A little update from Northern California

Posted on August 20, 2009 at 12:00pm 0 Comments

It's been some time since I've written a blog entry - so many REOs, so little time. OK, there have not been that many REOs, we are probably averaging only about one new listing a week these days. We are still anticipating this big flood of REOs in California that everyone still says is coming, although it keeps getting pushed back until later in the year. I just attended a meeting sponsored by RELS (a joint venture between Wells Fargo and FIrst American) where they did indeed confirm they are… Continue

Real Estate & REO Outlook for 2009

Posted on March 14, 2009 at 11:47am 3 Comments

It's been a while since my last blog post - too long! It's not because I'm lazy, it's because of my crushing workload. My team has been expanding to keep up with it all, but even so, I find myself at least as busy as ever, and possibly even more so.

I wanted to share with you all my view of where we are headed for the rest of the year. There's a lot of talk about bail-outs and hitting the bottom and market rebounds, and there's also a lot of talk about falling off the economic cliff,… Continue

Talk about stiff competition

Posted on September 10, 2008 at 11:30am 5 Comments

I often wonder, how good am I doing, really? You always hear about how the asset management companies grade and score you. A few of them, you can actually see your score - but the rest? Pfft. Who knows. So long as the listings keep coming, I guess we're doing OK.

This morning, I got a broadcast BPO request from a company that also does REOs, but I have never listed an REO with them. The guy who sent the request out mistakenly did not use a "bcc" - blind carbon copy; that is, every… Continue

BPO tells Sad Tales of Woe

Posted on September 7, 2008 at 10:25am 0 Comments

Back in November of last year, I did an exterior BPO on a rural property. When I do a BPO, I pretty much always do this: find "neighborhood" actives, "neighborhood" solds, and then comparable actives and solds that are ideally within a mile of the subject, but for these rural properties, the distance is often much greater than a mile.

I put the "neighborhood" in quotes because out in the sticks like that, it's kind of hard to say where exactly the neighborhood is. In these cases, I… Continue

Bad occupant, no cash!

Posted on September 1, 2008 at 11:50pm 1 Comment

I had to do three Cash for Keys today. And it's labor day. An REO agent's work is never done. The first one went smooth as silk. Exept that the guy didn't actually have the keys. A lot of that going around. "We never lock the doors, I don't know where the keys are." I believe it. That's how it is out here. Bucolic, like.

Fortunately, I always bring my locksmith with me when I do my CFK. No keys, no problem, especially when the doors are at least unlocked.

I had not… Continue

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At 4:29pm on May 18, 2009, Jesus (Jesse) Gonzalez said…
Seb, thank you for the appreciation.
At 12:16pm on November 19, 2008, RonnieH said…
Seb - I completed the online application; do you have a name and number or an email of a representative with Keystone Asset Management, I would like to actually have someone look at my resume.... thank you for your time and any assistance.
At 4:27pm on October 29, 2008, Miriam Walker said…
Hi Seb. My name is Miriam and I am an agent from Riverside area (SoCal). I am interested in attending the seminar on Nov. 13-14. Is there a fee and where is the venue? Thanks.
At 9:40am on June 8, 2008, Seb Frey said…
My best vendors are a couple of "property service companies" - basically they are general contractors who, rather than building houses or doing remodels (although they do do some of that), make it their primary business to work for property management companies (and, now, REO Realtors) to "turn over" houses after one occupant leaves and another moves in. They are great, because they handle everything from trash out to landscaping to painting, carpeting, plumbing, electrical - basically one call does it all. As for how they get paid, unless it's a big job, I pay them out of my pocket - but if it runs to over $1,500 or so then I usually try to get the asset management company to pay them directly.
At 8:46am on June 8, 2008, Reginald Michel said…
Hey There Seb! I'm not only new to this network, I'm to REO's (just got my first two assignments!). I feel a bit like a parasite cause I'm on here feeding on everyone's info but don't have anything to offer myself (since I'm so new). But anyway... I'd like to ask you what/who are the best vendors to have on your team and how do you pay them (up front or when you get reimbursed from AM)? Any info is appreciated.

Thanks In Advance!

At 9:48pm on May 31, 2008, John Occhi said…

Like you, I am new here and hopefully like me, you see the potential that this social network has to offer and the great advantages we have by being in on the ground floor.

Of course, the only way there will be a benefit is if we collectively get active and stay active in the group.

I am going through right now and asking everyone here from California, to join my friend list - I hope you'll do the same.

Also, if you have REO experience, then please write a short blog on a topic of interest to you, that you feel someone else will benefit from. This will not only provide you with good "Google Juice" it will help all of us here.. I just posted my first blog here about BPO's. I have another blog at where I have nearly 400 articles published on all different real estate topics (and some personal one too - after all we are in the people business).

Hope to see you around the REOPRO site,

John Occhi, REO REALTOR®
Century 21 Crest - CrestREO
Over $1Billion in Closed REO's
951-443-6259 - Direct
951-927-9473 - Office
At 10:27pm on May 26, 2008, Jesus (Jesse) Gonzalez said…
Hi Seb Frey:

This site is dedicated to the Realtors who work with Lenders, Banks and Asset Managers in assisting them with the liquidation of their real estate portfolio holdings.

We are a Network of Professionals spread across the country and have come together online to network and provide support through our accumulated knowledge and experience. This support could be anything from providing information on ways to obtain industry recognized designations, to the contact information of the Asset Managers who can make or break us. The power of our network will be determined by those who participate openly and freely.

I really would like this to be a place where we as Listing Agents can share information without constraint with one another in the pursuit to help each other in the advancement of our shared profession.

Feel free to customize your “my page”, start your blog, add events, post photos and share videos. I believe with your help, this network can have a positive impact on the lives and professional development of all who are members.

If you have any other suggestion, feel free to send them my way, I will truly consider them, the door is always open and welcome to REOPRO.

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