service companies: REO Nightmares
- 08/07/09 07:34 AM
I am troubled by a pattern that seems to be developing for the marketing of REO properties. Listings for bank owned properties are given to service companies around the country for marketing and sales. Many if not most of these listings seem to go to offices well outside our marketing area and are not available to our IDX. These brokers have little or no information about the property and in some cases are depending on the service company to manage the property. The service companies begin authorizing dropping the price; see no offers and few if any showings. Eventually the properties … (0 comments)
I am troubled by a pattern that seems to be developing for the marketing of REO properties. Listings for bank owned properties are given to service companies around the country for marketing and sales. Many if not most of these listings seem to go to offices well outside our marketing area and are not available to our IDX. These brokers have little or no information about the property and in some cases are depending on the service company to manage the property. The service companies begin authorizing dropping the price; see no offers and few if any showings. Eventually the properties … (0 comments)
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