Hi Everyone, I was assigned an REO in May and have been doing a weekly inspection for 5 months. It's a gated community, you know the drill "follow a car in and avoid getting hit by the bar". The foreclosure was finalized and recorded, it's been 3 week now. I was asked to put electric account in my name and all of a sudden I get an e-mail saying the property is being put on hold for listing and placed on a Discount or Non Profit list. Today I get a questionaire from closing agent of -Community outreach Services. When I question the asset manager to please explain the process and what it will mean to me, I get no e-mail response. Meanwhile I'm expected to continue doing inspections, paying for electric bill with no listing agreement.
Has anyone out there had an REO property put on a Non-profit list ? Please let me know what's in it for the Broker/Realtor.
Comments
Hello,
I have had many NRT listings. Two have gone to donation/non profit. Once I received 500.00 and once i received 1000. You get a minimum of 500.00 becasue you still have to do your weekly inspections and keep the utils on. Its normal for this to happen. Hopefully it doesnt happen too often.