REO Pro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

http://reopro.ning.com/page/buyer-direct

REO listing assignment limits to radius

             I am sure you've heard stories about an REO agent in San Diego getting a listing assignment in Los Angeles, I am just really curious to see how many mile radius the asset management companies/banks are limiting you to I have had some companies cut back from 30 to 15 miles from office. Does anyone use their home address? If so how do they get away with it? I would like to hear seom of your feedback. Thanks, wish you all a productive 2011.

 

Views: 25

Comment

You need to be a member of REO Pro - Real Estate Default Professionals to add comments!

Join REO Pro - Real Estate Default Professionals

Comment by C J Johnson, Broker/SFR/CRS/ABR on January 3, 2011 at 6:48pm
I attended a meeting for all the new HUD REO "Local Listing Brokers" at their new BLB in the fall and heard the same old no more than 10-20 miles from your office story and low and behold I was passed over for assignments 1-2 miles from my office while two brokers from 60 miles away were given multiple listings.  It is not that they are using their home address it is that the vendor managers are simply not checking their radius.  Kind of simple if you just go on to Google maps so perhaps they are simply using the same brokers they already were using but now they are at different companies. 
Comment by Bonnie L. Lombardi on December 30, 2010 at 12:02pm
One of my banks only allows for a 5 mile radius from the office.  If there is no one approved with them in that radius, they have lengthy paperwork to complete in order to assign the asset.

Send Invitations

Image and video hosting by TinyPic

© 2019   Created by Jesus (Jesse) Gonzalez.   Powered by

Badges  |  Report an Issue  |  Terms of Service