Locating local brokers to work with - REO Property Preservation Forum
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post #1 of 14 (permalink) Old 03-12-2013, 01:05 PM Thread Starter
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Locating local brokers to work with

Is there a search engine, or would the phone book be your best bet to locate local brokers to attempt doing business with? I have tried google with not much luck......
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post #2 of 14 (permalink) Old 03-12-2013, 01:09 PM
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Is there a search engine, or would the phone book be your best bet to locate local brokers to attempt doing business with? I have tried google with not much luck......
Any realtor that has a yard sign with "Home Path" or "Home Steps" is doing FNMA and FMAC foreclosures, give them a call.

OTherwise, don't laugh at me, use the Lamco Network. I know realtors around that signed up with them. Search there and see what contacts you can find.



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post #3 of 14 (permalink) Old 03-12-2013, 01:27 PM
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REO Network : Broker & Vendor Search

I've had a little luck with Brokers I contacted from here
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post #4 of 14 (permalink) Old 03-12-2013, 01:30 PM
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post #5 of 14 (permalink) Old 03-12-2013, 02:50 PM
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If you are doing work for a regional, there should be a broker listed on their paperwork for the specific property you are servicing.
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post #6 of 14 (permalink) Old 03-12-2013, 10:23 PM
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If you are doing work for a regional, there should be a broker listed on their paperwork for the specific property you are servicing.

seems a bit shady to be directly soliciting your client's clients, plus I'm willing to bet your regional would have wording against that in your contract.
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post #7 of 14 (permalink) Old 03-12-2013, 10:50 PM
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seems a bit shady to be directly soliciting your client's clients, plus I'm willing to bet your regional would have wording against that in your contract.
I don't think this is shady at all. There isn't one broker in my area that works for a regional or national, unless they run a preservation business as well. Now, Freddie, Fannie or Asset Managers is a different story.



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post #8 of 14 (permalink) Old 03-13-2013, 12:47 AM
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we leave a dear realtor letter, just informing them we did the initial services and to contact us for any concerns or feedback. we have recieved realtors specifically requesting us through our national and passing our info along to investors i dont find it shady, its like when a woman does her makeup, to get a man. we spend 12 hours on a lawn making it pretty and get another property. sorry for the analogy you are mostly boys, but you get the drift
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post #9 of 14 (permalink) Old 03-13-2013, 05:27 AM
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seems a bit shady to be directly soliciting your client's clients, plus I'm willing to bet your regional would have wording against that in your contract.
When completing an order at at property, you may be required to notify them via email or phone. If they continue to be satisfied with the work you do, then they may want to hire you for other properties outside of the Nationals. You didn't read anything from my post that I solicited the broker; they however, do solicit me.
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post #10 of 14 (permalink) Old 03-13-2013, 09:21 AM
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we leave a dear realtor letter, just informing them we did the initial services and to contact us for any concerns or feedback. we have recieved realtors specifically requesting us through our national and passing our info along to investors i dont find it shady, its like when a woman does her makeup, to get a man. we spend 12 hours on a lawn making it pretty and get another property. sorry for the analogy you are mostly boys, but you get the drift
Hey Blonde...I believe that is called growing your business....we started doing the same thing about 3 months after we got in the industry. The agents are the ones that get us work when all the crazy stuff is going on!!!!
Plus...the agent is not the lenders "client" they are the instrument to sell the lenders product....just my interpretation....

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