REO, Servicers & Auctions

Ladies and Gentlemen,

There is another first in my life today.  The third party loan servicers are looking to auctions to sell REO property for the lenders they represent.

This afternoon I received a call from a very nice man in Orlando who received an email from the president of his company.  The president received an email from someone else who had received an email from me about my upcoming REO auction of homes in Columbus OH.

Let's call my new friend Bill.  So Bill asked a lot of great questions and wanted me to send him information on how our company can help him sell real estate that is not moving through traditional means.  Of course I did.  Not a bad package if I do say so myself.

The thing that I find so interesting is that the servicers have not been very receptive to auction marketing in the past.  I have been doing this for 11 ++ years and this is the first call from a servicer that I have ever received.

I am looking forward to working with Bill in the future and hope that we are able to help him.  General brokerage or auction.  The point is that the lenders are looking at different ways to do it.

Next first.  One of my banks told me today to plan on an auction every month for the next 4-6 months.  "Plan them Rich" they said.  "We have the property."

It looks like we may be increasing our auction vs. brokerage percentages this year.  I love it when I am right.  Hey Melissa !!!!  Look, I predicted it !!!!!

Oh, and the email thing works !!!!!!!!!!!!!!!