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Several banks here in Ga. have recently been taken over by the FDIC. Unfortunately, one was a previous client with whom I had good relations and had received listings. Guess it wasn't enough - anyway, since FDIC sells the assets not in foreclosure and the reo stays in their portfolio, I am having a devil of a time running down who has what now. Does anybody out there have good information on FDIC holdings? I could use at least a company name here or any thing you have. I'm in the middle Georgia region if that makes a difference.

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Comment by Walter "Forth" Hoyt on May 16, 2009 at 4:59pm
On April 3, I received an email from a Diana with Prescient. She indicated she was a asset manager with Prescient and informed me they were handling the properties I had lost when Indy was taken over. The RFP was attached. The RFP I received in the original email had the name of Marla Webb throughout it. Prior to sending it, I had gone to the website to reprint a page, and I noticed the application had changed. I emailed the Steve gentleman mentioned on the website and asked about the change. He emailed me back and asked me to use the new application. We did that, and send it over night on the 19th. Approximately a week later, I emailed the Steve gentleman again and just inquired if there was a way to check on the status of our application. About a week later, I received an email from a different lady with Prescient stating the following.... " I am writing to confirm the receipt of your proposal. You are now in our database and look forward to working with you in the near future. "
I guess that means we are in, yeah!
Not sure what happens next..... but we'll just wait and see.
Good Luck to all.
Comment by Donald Murray, NAR SFR, ePro on May 14, 2009 at 12:03am
We did the Prescient RFP over a month ago and have not heard anything. The RFP (request for proposal) is more than an application and many government agencies, or those companies contracting with government agencies, require this formal application for services. It is a lot of work. Anyway, I have heard of several who have already been informed that they were accepted. Good luck!
Comment by Kimberly Becica on May 13, 2009 at 2:39pm
We made the deadline">)))) Good luck to all that submitted. Please keep us all posted if you here anything!
Comment by Blanca Stella Mejia on May 11, 2009 at 5:09pm
I sent in the package and luckily Prescient's office is 5 minutes from where I live, so I hand delivered. There was no sign in the lobby or at the entrance of the suite. I was thinking of going there to drop off an addition to my package. Maybe if I have a list of questions, I can try to wiggle my way in and say I am talking on behalf of a group of dedicated realtors across the country who are ready willing and able to service the FDIC.
Any thoughts?
Comment by Dawn Doleh on May 11, 2009 at 2:07pm
We made the deadline...announcement of it at Reomac made this spring trip very worthwhile!
Good luck to those that got their RFI proposal submitted by that deadline!
Comment by David J. Nauman on May 5, 2009 at 6:35pm
Chris,

Presient Asset Management are handling the REO's for FDIC. In fact if you can send me a contact in exchange I can send you an email address with the contact Info for the Vender Relations Manager at Presient.

Best Wishes,
David Nauman
Keller Williams Classic Properties
Columbus, Ohio
Comment by Mike L. Williams on May 5, 2009 at 11:23am
Chris,
Prescient was the one handling the FDIC OREOs, but as stateed earlier, the deadline for the applicaation was April 30, 2009. (you're right about complexity of application)
As far as First Preston, they are not handling FDIC OREOs,
Then Huron Consulting, if they are handling them it is very hard to navigate the website to find them.
BTW, I made the April 30 deadline.
Comment by CJ Oliver on May 3, 2009 at 8:28pm
Thanks all for the input. I'll give them all a shot and let you know what works out. I still don't see quite why they have to make it so difficult. The precient app makes the ones for Fannie and Freddie look like a picnic. And I thought they were pretty dang comprehensive.
Comment by Jesus (Jesse) Gonzalez on May 3, 2009 at 6:57pm
I could be wrong about this but, isn't www.FirstPreston.com one? Someone who knows more step up and confirm my understanding please.
Comment by George Kenner on May 2, 2009 at 5:19pm
Prescient is the only active one I know of. And like you said their application period just expired. If they were to open it up again I bet they would have to have the approval of the FDIC. Their application package was difficult, as you had to certify a bunch of informtation. It was truely Govement Contract type documentation which seemed to be a little more difficult than "Bank" or "Asset Manager" applications.

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