REOPro - Real Estate Default Professionals

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Hey guys....Anyone out there working with this company and have any feedback? I have been working with them for a few months and they just recently announced that commissions for the Fannie Mae listings were being cut to 2% on the listing side. When you factor in paying utilities, rekeys, inspections etc and the fact that they do not reimburse in a timely manner I am starting to think maybe they are the one's in trouble.....Any info from you guys would be helpful! Great site by the way!

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Comment by Harrison warnock on December 6, 2012 at 10:13am

contact me on harrison, for more info

Comment by Michael Shannon on October 23, 2011 at 4:17pm

They are punishing the listing agents in favor of the buyer agents.  We are constantly eating the cost of: billing on iClear and LPS, the cost of being a member of portals like DIspo, Equator, and iAgent, the cost of ordering water bills, tax bills, city inspections, weekly drive-by inspections, replacing lock boxes, keys, meeting inspectors, utility companies.  Buyer agents not only get the selling bonuses, but also the higher commission with none of the liabilities.  Its going to be a matter of which REO agents survive this down turn in listing inventory, manner in Metro Detroit are completely out of active listing inventory and the banks are in no hurry to assign listings.  The banks have been coming up with every excuse not to list in a timely manner, not to accept offers, not to close fast, not to disperse the files fast.  I've never seen so many delays, not changing statuses from PPE/EVICT to Valuation, or premarketing, lost deeds, missing closing docs.

Comment by Maureen Hart on October 23, 2011 at 9:38am
I also worked with them, in the past. No complaints.Nothing recently.
Comment by Brian Headrick - NRBA, A-REO on October 21, 2011 at 8:01pm
fannie has cut all listing agents commissions to 2% with all AMP's. i have had notices from several AMP's.
Comment by Carol Davis on October 21, 2011 at 4:53pm
I was just informed that Freddie is doing the same.
Comment by Dale Kuzniar on October 21, 2011 at 4:52pm
Have not worked with them recently but but for the year or two I did they were great. No complaints at all.
Comment by De Pardue Realtor/Broker on October 21, 2011 at 4:32pm
Worked with them a year problems good communication. Nothing recent.

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