Good question. It is my understanding, through research, that althought BOA is now parternered with Countrywide, Countrywide REO Department is 'stand alone'. Their program is very successful and will not 'change over'.

As far as new assignments with Ocwen, just ask for an HOA work order at the same time as requesting utility invoices. I actually tell the asset manager that there is a lien threatend and they have always authorized a work order.

Thank you for the information. Ocwen appears to be the only bank that requires agents to pay HOA. I could be wrong.

A heads up. I know a vp in the real estate division of boa. He states that he is heading up some plan to handle the 45,000 reos that countrywide is bringing to the table.
But that plan is 9 months away from being instituted. I was trying my damndest to get in with Boa once I found out about the contract going that way. I just cant imagine that they wont use the agents already familiar with the rules, regs, systems and such. I am hoping since I cant get this guy to give me an "in" that they will be using experience agents with good scores from ocwen.

Just found out all VA Ocwen files going to CW next week.

Anyone know the current status? I'm not a REO broker/agent but am representing buyers who made an offer on a VA-owned property last week. The listing broker says he has no one to submit the offer to. Is there any way to get an offer submitted right now? The buyers are on a tight time frame. Thanks for any input.

I just got a VA listing from CW this week. It was foreclosed on in February 2007, and the roof weas leaking at that time. It was reported on the appraisal to Ocwen, and that the roof needed attention ASAP. They did nothing. It never even hit the market. Now the roof is so bad most of the floors are badly damaged and just about every room has part of the ceiling on the floor. It's a shame they didn't at least get the roof tarped. i hate seeing tarps on my listings, but it would have protected the VA's asset a little, anyway.