Ppo vs reo - REO Property Preservation Forum
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post #1 of 39 (permalink) Old 03-04-2015, 01:43 PM Thread Starter
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Ppo vs reo

I want to know if Fannie Mae and the other GSE's have a different fee schedule they hold to once a property is post conveyance. Do they use the same posted prices from the mortgagee letters and pricing matrix or is there a different method?
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post #2 of 39 (permalink) Old 03-04-2015, 02:17 PM
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Different. And less.
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post #3 of 39 (permalink) Old 03-04-2015, 03:48 PM
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P&P>REO!
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post #4 of 39 (permalink) Old 03-04-2015, 03:53 PM
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Less risk in REO and more allowables.
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post #5 of 39 (permalink) Old 03-04-2015, 04:03 PM
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Less risk in REO and more allowables.
I don't know about that? we have over 10,000.00 worth of work we can do at properties to get them conveyance ready not counting allowables. We don't even have to call for approval.
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post #6 of 39 (permalink) Old 03-04-2015, 05:43 PM
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Pre-c has a ton more liability due to possible conveyance issues that most contractors wouldn't know about so you have to TRUST the service companies tech to be on the ball AND we all know how that turns out.
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post #7 of 39 (permalink) Old 03-05-2015, 09:34 AM
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Pre-c has a ton more liability due to possible conveyance issues that most contractors wouldn't know about so you have to TRUST the service companies tech to be on the ball AND we all know how that turns out.
Just like in Vegas risk equals reward. I used to really live in fear and it was consuming me. Then I started chatting with a guy on this very board and opened a direct dialogue with my clients. It can still happen but we are much better informed and our clients know we will wring every cent out of a property meaning fewer conveyance issues. $10,000 goes a long way towards addressing conveyance issues.

We could never make those REO packages or their pricing work. They are ridiculous! For a realtor it works.
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post #8 of 39 (permalink) Old 03-05-2015, 04:04 PM
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Couldn't agree more. The REO "a la carte" days were soo much more rewarding. This bundling [email protected]#$%# is a joke. I just don't see how the numbers work for these guys to be doing these I.S. packages.



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Originally Posted by Craigslist Hack View Post
Just like in Vegas risk equals reward. I used to really live in fear and it was consuming me. Then I started chatting with a guy on this very board and opened a direct dialogue with my clients. It can still happen but we are much better informed and our clients know we will wring every cent out of a property meaning fewer conveyance issues. $10,000 goes a long way towards addressing conveyance issues.

We could never make those REO packages or their pricing work. They are ridiculous! For a realtor it works.
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post #9 of 39 (permalink) Old 03-05-2015, 06:16 PM
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Couldn't agree more. The REO "a la carte" days were soo much more rewarding. This bundling [email protected]#$%# is a joke. I just don't see how the numbers work for these guys to be doing these I.S. packages.
Even some of the better Nationals (I use the expression loosely) slaughter their contractors on REO. The prices are well below the P&P pricing and the QC is stupid.
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post #10 of 39 (permalink) Old 03-05-2015, 06:35 PM
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Quote:
Originally Posted by Craigslist Hack View Post
Just like in Vegas risk equals reward. I used to really live in fear and it was consuming me. Then I started chatting with a guy on this very board and opened a direct dialogue with my clients. It can still happen but we are much better informed and our clients know we will wring every cent out of a property meaning fewer conveyance issues. $10,000 goes a long way towards addressing conveyance issues.

We could never make those REO packages or their pricing work. They are ridiculous! For a realtor it works.
This person you mentioned, I would like to talk to this person i could use some advise too..
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