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SUCCESS STORIES
I just wanted to say “THANK YOU” for everything you have done for me. You have been a huge part of my Real Estate career and a wonderful mentor. Thanks to you, I have my 1st REO account with New Vista REO and [more]
I don’t know why it’s taken me so long to connect with you. I have been following your post for years.
I have been a practicing Real Estate for years and have worked REO’s. But every thing changes and
the Reo’s have become scare.
I look forward joining .
Please forward whatever, so I may become a member.
Jack
Hi Poncie
do you an example of an REO Package that I can assemble and send to Asset Companies
What do you think about REOraiaker ?
Ponci, I am aware of a Broker that, I believe, is defrauding Fannie Mae by buying his own listings under another company name, rehabbing them and then putting them back on the market for sale, renting them or offering them for CFD through our MLS. Not only is he doing this, but 9 out of 10 times his CFD goes south, usually for something he has or has not done to the home-according to the disgruntled buyers-, the naive buyers file a lawsuit and usually lose because he is much smarter than they are about this kind of thing so can cover his tracks or they don’t have the money to file suit and they end up losing thousands of dollars. Who can I report this to, or should I even report it, or do I even HAVE anything to report, as I feel he is doing a dis-service not only to Fannie Mae and the real estate industry as a whole but also to these poor, unsuspecting buyers that end up losing the most.
Hello Amber,
We did a blog regarding this a few years ago. Click on the link for details on what you can do to report a dishonest agent: http://poncie.com/2012/01/06/fraud-review-fannie-mae-looking-for-honest-brokersagents/
Thank u God bless u all
Hey Poncie,
I appreciate the information you send.
Best regards,
Shane Engel
RE/MAX Way
Hey, thanks for the blog! Lots of good stuff on here. Been doing BPO’S and Reo’s six years, first time I have seen blog worth a damn. Do you need a password to view the reo stuff? Thanks, Will
William Anthony Abele Jr.
Bill Abele Realty
Burlington Township, NJ, 08016
Thanks Will. In 2008, Freely I received REO information, now freely I give 🙂
Yes, password is required for REO applications. Simply subscribe to the “right”. It’s free for realtors and always will be.
Hola TrustedLatino,
do you have videos or information on how someone gets involved in Property Preservation with the asset Managers? Are there applications for that? Or perhaps is it the REO list Agent that hires the Preservation company after they receive the listing? I am aware of many REO homes that just sit and do not get listed for some time but are being cared for? I am located in SW Florida.
How about video or information on REO to Lease program? I also own a property management company.
Thanks for the information not sure if I subscribed with the email address placed here or with gmail.
Marzia Rivera, Broker – CAM – Property Management/Preservation
239-540-4884
Hey Poncie,
I am very glad I came across your website, looks like you have a ton of good info. I have subscribed to your Blog I believe and I wanted to ask if these REO Agents are ever in need of Contractors for estimates?
I have been with Safeguard Properties as a Hazard Claim Vendor for 6 years and looking to add some work? We also are buying house’s locally?
Well if you never ask you never know!!!
Look forward to working with you and your website,
Where are you located/do you do work?
Located in Stockton, CA
Hi Poncie ! I am enjoying and joying your website .I just want to wish you and your family a good Fourth of July! On Independence Day Here’s wising our dreams of a new tomorrow come true for us…NOW AND ALWAYS!.I am impressed by your work with all best wishes.
Sincerely,
Larissa Johnson
Broker, Managing director
1st Global realty, LLC
Palm Coast, Fl 32137
globalrealty1st@gmail.com
web: http://www.1stglobalrealtors.com
I would like an REO application for every company if possible. I been doing BPO’s for various companies and Bulk buyer’s I’ve. I’m a wholesale and buyer who buy’s in bulk I also have assist to the MLS throughout the Unit States.
My resume is my work which is Bird Doging/BPO’s that I do 12 hour a day send me a list.
Hello Poncie,
I am a good listing agent (broker associate) trying to get REO Listings. Together with my partner Marlene Tovar, we opened a property preservation company called: Beauties and the Beach Realtors LLC. We are doing so many BPO’s in the hopes to start getting the listings. It seems that is all monopolized. What else should we try? I am confident that we would service them better, cure them and sell them at the highest price the market will bear, in the shortest amount of time possible. If anyone actually reads this, please contact us at: BeautiesandtheBeach@hotmail.com Thank you, Elisabeth.
PS:Listing and Selling Real Estate since 1987 in new York, now in SW Florida since 2002, speak several languages (Espaniol tambien).
Please help, thank you, BestTime2Invest@live.com
Hello Poncie,
Thank you for helping us out. I would really like to establish my REO account. Any suggestion or advise you might have for me will be greatly appreciated. I look forward to hearing from you.
I am a full time REO agent and Sales Manager at Parisville Properties & Investments Corp. We specialize in the management and sales of REO, Short Sale Properties, and Bank Notes in the California area.
I have experience in the Real Estate Industry for more than 10 years and have been currently listing and selling REO, Short Sales and Bank Notes for my clients and companies listed below. My team and I have had a number of clients purchasing REO, Short Sales, and foreclosed houses for owner occupied. We also have investors rehabbing them and selling or keeping them as rental properties in California.
We work with a pool of local and foreign investors that can close deals within days and most of the offers are cash with a range of 100 million. Our foreign investors are always looking to buy distressed assets. We provide financial institution services in California. My team and I have been in the residential & commercial real estate industry for over 15 years and we also specialize in financial asset valuation on distressed assets.
I service all areas near San Gabriel Valley of Los Angeles County, San Bernardino, Riverside, and Orange County.
I believe you will be pleased with my client base, strong investors, and integrity of work. I look forward to receiving BPO assignments, REOs and appreciate your time and consideration.
Hi Naomi, received your profile. Send me the following:
Your Contact info/Profile
Cities, Counties and ZIP Codes you cover
Your Photo
Company Logo
Message to Asset Managers
I will create a profile page for you. See sample link: http://poncie.com/trusted-reo-vendor-ad/reo-selling-agents/
I recommend you apply to all REO companies. Hopefully one will respond. This is what we call, REO prospecting. Thanks Poncie
Do any of them get the houses in Stanislaus County?
Hi my name is Kaila, owner of BPS
Rental Clean up & Eviction Cleaning/Handyman Services
We are Best Preservation Services, located in Modesto, CA. Please visit our website at http://www.bpsmodesto.com; and if we can help in anyway with your REO Trash-Out or Foreclosure Cleanups contact us anytime. Thank You
Respectfully
Best Preservation Services
Phone: (209) 605-8329 Kaila or Jon
Web: http://www.bpsmodesto.com
We are licensed and E&O insured
Hello Poncie,
I am hoping you can give me some advise on obtaining an REO account. It has been difficult to get in the business due to the lack of REO experience. The banks or Asset Management companies require at least a one year experience in the REO field, but how can I get the exp without getting a chance. I have done BPO, and I have a Property Preservation Company which I have one account but as a contractor.
The office where I am license just received an account with Fannie Mae but of course is one agent assigned to them. I have thoughts about opening my own RE. company just to see if being the managing broker I will be able to get an account.
Please share with me your ideas I look forward in hearing from you.
Iraida Flores
Realtor
Century 21 S.G.R
Chicago, IL 60616
Hola Iraida, if you have no REO experience, FIRST, I suggest you watch this video (How to Get REO References) Click here: ( http://poncie.com/2011/12/13/how-to-get-reo-references/ ). SECOND, you mentioned your broker had Fannie Mae. That’s okay, apply to Fannie Mae outsourcers. Click this link for a list ( http://poncie.com/reo-applications/homepathfannie-mae-amp-partners/ ). Are you signed up with Equator??
Poncie,
Just wanted to say Hi and to congratulate you for the work you’re doing. You are definitely ONE OF A KIND! As an active REO broker I appreciate all the work you’ve invested in here with all this valuable info. Well done.
If you ever in a need of anything in NYC metro area, just ask.
Isaac
Ponce,
Hello just came across your website. Seems there is a lot to take in. Needed your help with retrieving a network password to start applying through you site to REO companies on your page. Thanks!!!!
Thanks for subscribing Jefferson. Password has been emailed.
Poncie, is there a fee to acess the application?
Tracy Nunez
Realtor
ZipRealty
Free for Brokers/Realtors and always will be. ~Poncie
Your good. Thx
I am so excited about joining your group. May I please have more information & the links to Fannie Mae & any others that you may have. Thank you for all of the AWESOME information.
Maria Flores
World Realty & Management / Mortgage Mitigation Services
715 N. Mountain Avenue, Ste. 201
Upland, CA 91786
909-259-6207
909-245-1760 FAX
Hi Maria, thanks for joining. Visit http://poncie.com/reo-applications/ for a list of REO applications you can start filling out. Remember, God blesses efforts. Good luck.
Poncie,
I’ve tried numerous times to get into the site with my password but is not working, Can you send me another password so I can access the applications? I’ve asked several times so far.
That’s awesome my friend! Thank you.
Atlantic & Pacific Broker
Thank you! I really appreciate you sharing your knowledge in this very competitve market.
Poncie,
Thank you for the information. I am getting right on it with the applications
Ursula
does your website not work with mac?
yes, we are mac friendly
Thanks so much Poncie! You are THE MAN! If you ever want to expand your REO business into the San Francisco area and need some ‘boots on the ground’ here, give me a holler!
😉
Warm regards,
JoAnne Martinez
REALTOR (R)
Ridgley Group / Elite REO Properties
DRE License #01039885
I would like an REO application is possible. I have been doing BPO’s for various companies and have assisted a REO agent my office for the past two years at taffeco Real Estate.
Within the last few months I have joined the HomeSmart Real Estate team and would like to develop my own account.
Lorraine Hernandez Best, Broker Associate
Homes For Heroes Affiliate
HomeSmart Real Estate
41463 Margarita Rd. Suite 100
Temecula, CA 92591
Cell: 951-233-6334
E-fax: 951-216-2169
DRE# 01708865
Hi Poncie,
just wanted to say THANK YOU i applied @ USRES and 3 days later and i got an email, today, saying that i was accepted.
also, i need to change my email, how do i go about it?
thanks,
Rosie
Woo hoo – congratulations!! Your email has been changed to: @yahoo.com
How long have you been doing REOs Poncie? I’m currently doing BPOs and want to get my foot in the REO door. Any tips for a newbie?
Hi JoAnne. Since 2008. Tips? Yes, invest some time into watching some of these videos. They teach newbies how to start applying to REOs. Click here: http://poncie.com/videos/videos-poncie-com/
Hi, does it really work?
I have filled out several applications and they all tell me that they are not taking anyone at this time…..tell me is there still room for more agents to get into the REO wagon?
Do I need to pay for several certifications and pay memberships to platforms to even think I could ever get an REO account?
What do you suggest??
what keeps you above the waters with so much competitions?
Please advice, I hope to hear from you.
Great to be part of the Poncie family. I am looking forward to your articles. Thanks
JOSE ROHENA JR.
Certified Distress Property Expert, CDPE
Five Star Institute-Short Sale Certified
REMAX PREMIER PROPERTIES
404 BROADWAY
KISSIMMEE, FLORIDA, 34741
DIRECT# 407-539-4498
WEBSITE: http://www.joserohenajr.com
Hello Poncie,
I have start applying for Chase Reo candidate but I can get back into the application do you know where I go to login again?
Also, where do I fill out REO applications for other banks?
Regards,
Francisco Adell
Associate Broker
Kuper Sotheby’s International Realty
6606 N. New Braunfels
San Antonio, Texas 78209
C (210) 213-7787
F (210) 579-4747
francisco.adell@sothebysrealty.com
I don’t see your email on our network. Have you subscribed to poncie.com? I do not see you as a network friend. You need to subscribe amigo
No. Please send me link were I can apply to all banks. Chase included.
Regards,
Francisco
I like what you guys are up also. Such clever work and reporting! Carry on the superb works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site 🙂
The password to get into your site does not work…HELP..
Thanks Sondra
Hi Sondra, password is [case sensitive]. Make sure caps are OFF.
I lost my password. The Corelogic course you are talking about is the one with 8 parts taking about 30 minutes each or a separate one?
Just resent the password. Yeah, simple NPI quiz that CoreLogic is conducting.
Hi Poncie- I need a password, I am registered as your messages says after entering my email address, but still need a password.
thanks a bunch!
Hi Jeri, The email sent to you containing the password is your REO Application password. Please keep for future references. Remember, it is case sensitive.
Our NAHREP Charter is the strongest and most influential in the County. Omar Lopez, our current President is not making the headway of our previous Presidentds.. Larry DeCoursey, Noah Herandez and our business founder the Sait!
Please leave information so to pass to NAHREP LAS VEGAS
When are you coming out to las Vegas to have a seminar on REO ins and outs. Your videos are so helpful and I know there are slot of people interested
Gary Lambert
Las Vegas, NV
Poncie… I am probably doing something wrong. When I set up my subscription for your blog, I set up my password. When I click on the links for applications, it asks for a password & I am putting in my password for your blog, but I never get passed the password screen. HELP! Seems to me that if one is signed in to your blog already, another password request to access the information is redundant.
Hello Poncie,
I registered on your website, received a password, went in and changed the password. I am not able to login to any of the reo sites you have asking for the password. Is the password the one I set on your site or different? I look forward to hearing from you!
Carolyn
Hi Carolyn, a password has been emailed to you 🙂
I tried logging in with my Poncie.com password but that did not work.
Is there a different password I need?
my email is levim@rapidreorepair.com
You have not subscribed to http://www.poncie.com
Thanks rapidlevi, passwords sent via email
Hi Poncie,
Just wanted to share with you, the impact you and your informative site has had on me. I found your site somehow, looking for BPO information and got INSPIRATION!!! Thank you soooooooooo much for sharing!!!!! I am on my way into the world of BPO/REO. Keep ya posted. God Bless You Poncie.
Hi Poncie, unable to get New Vista application ???
Hi Poncie, Happy to join your network. You seem very informed of the REO business. I have been selling REO’s since 2003 but it really took off for me in 2007 along with everyone else. I am always looking for ways to get my foot in the door with new Banks and Asset Management Companies. I look forward to hearing from you
I am broker / principal of Diversified First Realty in Las Vegas. I have several outsourcer clients with excellent reccomendations. However there are a few I would like to further work with on JPMC assets. In addition, I would love to work direct w B of A & Fannie. Please advise.
I signed into your site, but no password.
I have contacted several of these clients already, but must not have the correct political pull or the proper people are not reading my resume and recommendations.
Again, please advise.
Thank you in advance and I look forward to your reply 🙂
Hi Ashley, are you attending conferences? Are you networking with other REO agents outside your coverage area? I recommend watching some of my other videos…click here http://poncie.com/videos/videos-poncie-com/
Remember that God blesses efforts, keep applying and REO prospecting.
how can i become a contractor for the banks or get field service assignments
Hello Poncie,
My team is looking to expand even further in the REO departments and would love copies of your REO applications. I tried to access them through our Linked “REO Agents ONLY” link, but noticed they are password protected. Please forward them at your convenience. Thanks! Make it a great day!
Thanks, Brandon Haugen
Hello Ponce. Need password for Fannie mae application
Sent from my iPad
Ponce,
I am on the SAP site but not an approved fannie mae. Should I reapply again to be a direct Fannie Mae, or can I escalate our application that is waiting for an approval. Please give me your advise. Thank you again Ponce.
Fannie uses alot of outsourcers. Apply to all of them. Click here for a list of outsourcers [list]
would like outsource contact info for northern CA.
I was unable to download application it required a password..Can you please email it to me or provide me with the password.
Thank you for your support. Maria
All I can say is WOW! to your site. Thank you for helping us Agents out. I would like to establish my first REO account any
advise you can give me? been in the industry for over 12 years.
Thanks Poncie….Have a great weekend….Debbie
Poncie,
I am that you provide such wonderful information to other agents out there.Not too many agent are willing to share helpful information.I am interested in really taking my business to the next level and am very impressed with your technique as well as your website posting skills.Do you have any advise for me as far as an advertising campaign that I can create to boost my career? Ive been in this business for 3 years and want to turn up the heat!I have the money and am ready to invest in my future, I’m just not sure who I should have host my website and how much is enough to get the ball rolling!
My first recommendation is to work with an REO agent, work the buyers and learn the REO process. Second, go to REO conventions [click here]. REOCON will be giving away REO properties. Plus, go not for the classes, go to network with REO agents outside your coverage area. Network, network, network.
Thanks for another great article. Where else could anyone get that type of information in such a perfect manner of writing? I have a presentation subsequent week, and I’m on the look for such information.
Yes I want to be able to gain reo and bpo orders for the Chicago area. I would appreciate your help.
Nice. Have you subscribed to our site to become our REO network buddy??
Enter your email address into the subscribe button in order to receive a password.
I just wanted to say “THANK YOU” for everything you have done for me. You have been a huge part of my Real Estate career and a wonderful mentor. Thanks to you, I have my 1st REO account and just recently received my 1st REO property. Your wonderful staff even helped me with my 1st occupancy check. I will forever be greatful. I look forward to learning more from your guidance.
I am interested in the property 2518 8th street. I am willing to pay cash in full. please contact me at your earliest convience by e-mail/ phone. thank you for a yea or no
Ms. Laura A. Porter
USNR
0000@yahoo.com
510-000-0000
Thank you Laura, one of our buyer specialist will be in contact with you shortly…
TrustedLatino
I love to have REO properties please let me know if realtors
can have access to these or only brokers
thank you
Hola Jesus, YES!! Realtor have access to REO. Not only brokers. When filling out application, you will use your broker’s information then enter your info. Hope this helps. TrustedLatino