REO UTILITY CHANGE


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REO Electric CompanyREO NEWS! Bank of America (BAC) Listing agents will no longer need to sign up for or manage utility payments for  BAC properties. Safeguard Properties will be taking over the utility payment process.

Safeguard will assume responsibility for utilities on your REO properties that are rekeyed on or after the dates below. Safeguard will turn off utilities once the property is sold.

For more details, contact your BofA asset manager.

Georgia, Ohio and Texas were the first States to make the change back on April 1, 2013. Below is a list of states and dates when the change will occur:

  • June 30: Coming Soon
  • June 15: Coming Soon
  • June 1: Coming Soon
  • May 15: Alaska, California, Connecticut, Louisiana, Missouri, Virginia and West Virginia
  • May 1: Colorado, Hawaii, Illinois, Maine, Nebraska, Pennsylvania and Washington
  • April 15: Alabama, Arizona, Iowa, Michigan, New Mexico and Rhode Island
  • April 1: Georgia, Ohio and Texas

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If you are a real estate agent or commercial real estate agent & wish to handle BofA’s REO properties, [ CLICK HERE ] to be learn how to apply online.

NOTE: You will need your poncie.com Network password. Don’t 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

SOURCE: Bank of America Agent Resource Center


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