TIP#1: Search for any REO bank. Type the name of a bank or REO outsourcer in the “Search REO Banks” box to the right and click search. Courtesy of Google Custom Search. —–>
REO NEWS! Many of our REO Network friends & I have received Bank of America REO assignments via National Default Services (NDS). Many of the Integrated Asset Services (IAS) assets were transferred to NDS. Whether NDS is accepting new agents or not, if you are qualified, you should apply. Agents and vendors can apply. Click link below for REO application link. If you are a BofA preferred agent, be sure to let them know. Also, Zillow has 11,366,594 monthly unique visitors. Create your FREE REO profile at Zillow [CLICK HERE].
According to DSNEWS, who spoke to Daren Blomquist, VP of www.RealtyTrac.com, there is still a lot of foreclosures that need to be dealt with. Blomquist does not believe banks are deliberately holding off inventory, but are cautious about making sure the cross their “T’s” and dot their “i’s”. “This so called shadow inventory never hit full force, so now I think we’re at a point where the pendulum has swung completely the other way and the housing market needs more inventory, so 2013 would be a serendipitous time for banks to release that inventory,” he said. Blomquist said, “because of the severe lack of inventory available for sale, foreclosures could actually fill that inventory and provide more fuel to the fire that’s been slowly building over the past year as more sales occur.” Read the full story [here].
NOTE: You will need your poncie.com Network password. Do not have one? Enter your email in the “Subscribe Here” box (top right) and request a password. It’s FREE for Real Estate Brokers/Agents and always will be. Please allow up to 24 hours for a REO Application Network PASSWORD via email. Be patient.
Fact is, Bank of America is only working with 6 outsourcing companies and NDS is NOT one of them so if you are giving them money you are giving your money away. I have reached out to my contact directly at Bank Of America about NDS and they are not an approved outsourcer.
By Brett Shaffer
Co-Owner at Prudential NorCal Realty
Sacramento, California
Has anyone received REO from NDS? Are is this just another company collecting fees without being able to give the agent any listings
Carolyn Depenbrock
Broker Associate specializing in REO Properties for ten years at Coldwell Banker Sunstar Realty
Punta Gorda, Florida Area
Too bad you did not disclose up front that it is a pay to play site. Went through the motions only to be hit with a monthly payment premium. Not cool! I did not pay.
thanks
Warmest Regards,
Robert Matilla
Broker Associate, Warburton Properties
http://www.andrewwarburton.com
Lane Guide is still my #1 go to.
By Leslie Storz
Northern California Coordinator at Heritage of America Educational & Cultural Foundation
Sacramento, California Area
Assignments via National Default Services (NDS).
I signed up for NDS but I had to go through ISISVendorManager@defaultservicingllc.com
and they charge a set up and referral fee, did I do something wrong?
Thank You for the Great Service you provide
Lillian
Long & Foster Real Estate
http://www.LilliansRealEstate.com
Tip # 1:
I tried your Bank REO search engine at poncie.com
I could see the usefulness if it was a search engine that brought up a list of banks with REO inventory and a contact. However, your Poncie search engine requires me to already know the name of the bank or outsourcer.
If I know the name of the bank already; I can look it up on any search engine. The results of your search are NO different.
Am I missing something?
By Dave Hope
Account Executive at Michigan Mutual
Houston, Texas Area
I joined, I hope it works out.. Thanks for the info…:)
By Deanna Knoble
Broker/Owner Relocate Realty
Greater Minneapolis-St. Paul Area
Thanks Poncie… Another Trusted Latino basket 🙂
By Steve Moller
Designated Realtor at Moller Real Estate
Naples, Florida Area
Thanks Poncie you are the best out there dude. BTW – B of A, effective Feb 1 sent new assets to AUCTION – I saved two that I had from this fate, both now under contract. Have to work fast.
By Frank Popeleski
Broker at Schooner Properties, Inc.
Tampa/St. Petersburg, Florida Area
I agree thank you for sharing this information.
By Gail Murchison
Managing Broker/ Windermere/SBA,INC
Greater Seattle Area
thank you for the update. I have been with NDS for about 12 years. They are wonderful to work with
By Diane Amato REO BROKER MA
Broker/Owner Full Circle Properties REO SALES Specialist,short sales and code violations/compliance specialties
Greater Boston Area
Thx Mr Ponce…Anyone else going to REOMAC.org summit in Dallas this April?
By Jeanne Durgin
REO Agent ~Property Preservation~Asset Management ~ EQUATOR Platinum Certified, ABR, SRES
Barnstable/Yarmouth, Massachusetts Area
thanks for sharing
By Carmen Bernard-Realtor®
Carmen Bernard -Luxury Real Estate of Florida Corp.
Miami/Fort Lauderdale Area
Looks like one more opportunity for us to do more work for less money.
Hi Poncie!
Thought you should know that this company charges a maximum one-time fee of $69.95 + monthly of $39.95. There are lower plans available but do not provide the opportunity for any reo listings….
Ana Lisa Reinoso
Reinoso Properties
Why does NDS require up front fee + monthly fee? Are they also taking a referral fee once an asset has been assigned? I am getting tired of paying these companies up front for registration then you receive nothing….oh, sometimes they throw you a BPO with possible listing that goes nowhere!
By Mary Greenspan
Broker Owner at Greenspan Brokerage
Las Vegas, Nevada Area
I just want you to know that I am doing a transaction with this company..
It has been unnecessarily drawn out.
they take 1% of your commission.
The processor does not know what forms she needs, and constantly ask me for one at a time.. making the submission to the investor take months.
Not at all happy with this company.
Linda Kemppainen, Realtor
GRI,CDPE
PMZ Real Estate
Oakdale, Ca
thanks for the info
By Davielier Turner
Realtor at Remax Villa Realtors
Greater New York City Area