NATIONSTAR REO UPDATE

(04/24/15) Unfortunately, NationStar is no longer accepting online REO applications. Auction dot com and HomeSearch dot com is servicing most of their REO’s. Of course, they still utilize Realtors to do the leg work. Some of our network friends that list REO for Nationstar are saying that if the asset goes to auction (most likely will) Nationstar is paying 6% or a $3,750 minimum BUT they will be taking a 2% or $1,250 minimum referral fee and there is a $150 tech fee to Equator. (See more Nationstar comments from our network friends) Basically, Nationstar listing agents will be making 1% commission minus the Equator fee. Hmm.  Either way, you can still call them and see if your area is available. [GET NUMBER]