Special offer

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Rainmaker
1,543,662
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

It's a little late to ask this question if you already bought it.

Knowing the REO scams of 2007-2011 - I'd say...yikes!

Nov 07, 2022 01:16 PM
Rainmaker
424,200
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

It's hard to tell if you are a real agent as there is nothing in your profile, not even the company you work for. But as far as purchasing an REO package, that raises red flags.

I am an REO agent. I have never purchased a package. If you are serious about becoming a REO agent I recommend applying with banks directly and signing up with legitimate REO Platforms such as Equator, RES.NET & Iagent.

If you are a real agent, I wish you the best. If you are a scammer I recommend you get a real job/career.

Aloha Julie

Nov 07, 2022 01:14 PM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Read and reread the answer provided by Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Nov 08, 2022 03:54 AM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Most of these things are not productive

Nov 08, 2022 03:05 AM
Ambassador
2,061,803
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

The horse is officially out of the barn.  Too late to close the barn doors.

Nov 07, 2022 04:05 PM
Rainer
378,517
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

the time to ask is prior to making the purchase.  Mostly they use agents for BPOs and don't pay.

Nov 07, 2022 03:18 PM
Ambassador
3,125,819
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Subscribed to them back during the last market downturn. Did not get a ROI! Wishing you the best, Parisa.

Nov 07, 2022 02:32 PM
Rainmaker
584,631
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor" RETIRED

Looks like you received a lot of good answers here. Remember the old saying; "It's NOT the DEAL you get, it's the DEAL you THINK you GET!" LOL

 

Nov 08, 2022 05:41 AM
Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Is it too late to get your credit card company to stop payment?

Nov 09, 2022 01:49 AM
Rainmaker
1,197,152
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Best of luck

Nov 08, 2022 02:21 PM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

You already made your purchase decision. Good luck. Blog about your results.

Nov 08, 2022 11:50 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Oh boy ... I do not know what an REO package is.  Feels like there could be a red flag warning. 

All the best to you! 

Nov 08, 2022 09:17 AM