What does REO agent with a zing mean?
When you think of the word zing you think of fast, spontaneous and maybe even pizazz! Well, we are all those. Fast on our feet - turning in bpos quickly, checking occupancy in an hour or less and getting occupants out. Spontaneous- we think on our toes. If the title company calls and is missing the garbage lien, we'll drive to the recorders office and pay the bills so the HUD doesn't have to be changed. If there's a sudden fire damage we'll call asset manager and alert them to send out their insurance agent for a claim, and if property is being trespassed by a vagrant, we'll send out our "ultimate cage fighter" contractor to check on the house with us. And most importantly we have pizazz. We respect asset managers, investors, potential buyers, loan officers and other agents so that we can run a transactions smoothly with little -and hopefully-no turbulence. We try to solve the problem before it hits the fan by having a well run team. That's what we mean when we say REO Agents with a ZING!
Tammy Yau & Steven Wang's Blog
Posted on March 9, 2010 at 10:01pm
I have been using ebrokerhouse for about a year now based on my husband attending a CREOBA conference. He really liked the option of managing our offers since agents were sending them left and right to my email, his email, office offers email, fax, efax. They were coming out of everywhere and some were not even found. So we decided to go to an offer management system and the low cost of ebrokerhouse seemed attractive over the REOMaestro prices.
It worked well in our offer… Continue
Posted on August 10, 2009 at 2:44pm
I have a listing in Oakland CA and we originally called PGE to find out if there was any electricity on at the property as one of the ways we determine occupancy at a property. PGE was off and we were happy to check the property and rekey. However upon arriving at the property and rekeying, we found the property to be occupied. In fact, there was electricity in the property. The occupants were stealing it from the neighbors for illegal activities!
We quickly left. Finally, after… Continue
Posted on November 13, 2008 at 3:25am
Being an REO agent you learn that there are a lot of out of pocket expenses that you must front for the bank- utilities, repairs, inspections, cfk, HOAs and even some liens. At any given time you could be out of pocket thousands of dollars. If you are a high volume REO agent, it is best to hire someone to focus on organizing the bills, inputting them correctly into each companies system and getting the reimbursements back from the bank. This could save you thousands of dollars and time that you… Continue
Posted on November 6, 2008 at 8:12pm
Working with over 20 properties a month, doing cash for keys is sometimes a challenge getting a hold of the occupant. We've found the following process has helped us in managing our CFK offers.
Upon getting a property, we first check MLS to see if there is an occupant's number is disclosed. We try calling the number on there immediately. If we reach a person, we give them our information and let them know there is a possibility for some help in moving costs. Usually they need to get… Continue