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#281550 - 03/16/09 09:35 AM Has anybody paid the $200 to this AMS?
LizL Offline
Veteran Member

Registered: 08/27/05
Posts: 1326
Loc: Missouri
Quote:
Many of you have requested to become a part of the AMS Broker/Agent Network to receive REO property listings. Asset Management Servicing is now accepting Broker/Agent applications, as our REO inventory is rapidly growing.

We’ll notify you once your application has been processed.

Best Regards,

Tom Oldefendt
CEO and President
Asset Management Servicing LLC "AMS"
4000 MacArthur Blvd.
Sixth Floor
Newport Beach, CA 92660


There are so many "AMS" companies out there that I included the solicitation email above (minus the link) to avoid confusion--another thread on this topic seems to get the various AMS's intermingled.

I'm getting at least one or two emails a week from these guys. I filled out the application and then stopped at the screen which asked for the money. That, in itself, sets off alarms for me. If they really needed a listing agent in my area, they would simply phone. I was wondering if anyone has paid them and then had that investment pay off.
_________________________
REALTOR®, Broker/Salesperson, GRI, ABR
REO listing/selling since 2004; BPOs

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#281579 - 03/16/09 11:29 AM Re: Has anybody paid the $200 to this AMS? [Re: LizL]
bristowVA Offline
Member

Registered: 04/15/07
Posts: 142
Loc: Prince William VA
I did exactly the same. As soon as I got to the pay page that was the end of my application. I too get a couple of emails each week with joining information.
_________________________
Providing BPO's and listing REO properties since 2004

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#281604 - 03/16/09 01:21 PM Re: Has anybody paid the $200 to this AMS? [Re: bristowVA]
Leggo my Ego Offline
Member

Registered: 02/08/09
Posts: 488
Loc: Phoenix, AZ
I did 2 weeks ago, just to roll the dice. No contact yet. I followed the instructions to a tee and my registration status still shows pending. I figured it was worth a try... I will update if I hear anything
_________________________
REO Liquidation Specialist/REALTOR(R) since 2006
5 Years Lending experience Prior to Real Estate
Champion of Common Sense and Reason smile
Official Thread Searcher for Members who don't feel like searching for answers to their questions- I am at your service smile

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#281613 - 03/16/09 01:50 PM Re: Has anybody paid the $200 to this AMS? [Re: Leggo my Ego]
LizL Offline
Veteran Member

Registered: 08/27/05
Posts: 1326
Loc: Missouri
Keene,

Thanks for taking one for the team! Let us know how it goes. My hat's off to you as the trailblazer.
_________________________
REALTOR®, Broker/Salesperson, GRI, ABR
REO listing/selling since 2004; BPOs

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#281615 - 03/16/09 01:58 PM Re: Has anybody paid the $200 to this AMS? [Re: LizL]
Alan From Florida Offline
Veteran Member

Registered: 05/10/05
Posts: 906
Loc: Tampa Bay Florida
You all should just google things the guy who does this company is Jerry Mavellia who was a disgrunted employee of Chase. not even the reo division. Now his only client is HUD. Who as many of you already know you HUD homes are open to anyone.
_________________________
Alan Plager E-Pro
Prudential Tropical Realty
Over 2500 Units Sold
Please click here to request my list of reo and or investment properties

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#281616 - 03/16/09 02:03 PM Re: Has anybody paid the $200 to this AMS? [Re: Alan From Florida]
MArealtor Offline
Veteran Member

Registered: 12/28/06
Posts: 523
"Who as many of you already know you HUD homes are open to anyone."

Little help with this sentence....

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#281620 - 03/16/09 02:17 PM Re: Has anybody paid the $200 to this AMS? [Re: MArealtor]
LizL Offline
Veteran Member

Registered: 08/27/05
Posts: 1326
Loc: Missouri
Googling his name did not tell me that HUD is his only client, though that would certainly be important information. How did you determine that, Alan?

His LinkedIn profile does give the following info:
Tom Oldefendt’s Education
Owatonna HS
HS, general, 1969 — 1970
_________________________
REALTOR®, Broker/Salesperson, GRI, ABR
REO listing/selling since 2004; BPOs

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#281621 - 03/16/09 02:19 PM Re: Has anybody paid the $200 to this AMS? [Re: LizL]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2712
Loc: X
You guys are talking about two different people - Jerry Mavellia and Tom Oldefendt.

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#281624 - 03/16/09 02:25 PM Re: Has anybody paid the $200 to this AMS? [Re: Leggo my Ego]
Concepts05 Offline
Veteran Member

Registered: 12/21/05
Posts: 1470
Loc: MA
Originally Posted By: The Keene Team
I did 2 weeks ago, just to roll the dice. No contact yet. I followed the instructions to a tee and my registration status still shows pending. I figured it was worth a try... I will update if I hear anything


Assuming your payment went through, does it bother you that your registration still shows as pending after 2 weeks? it would me....

(hey, cool....I'm featured member ...yah for me!)


Edited by Concepts05 (03/16/09 02:27 PM)

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#281631 - 03/16/09 02:47 PM Re: Has anybody paid the $200 to this AMS? [Re: Concepts05]
jbt4re Offline

Veteran Member

Registered: 03/04/07
Posts: 1425
Loc: My Own Private Idaho
I haven't paid the fee yet, but I do have a listing with them through Dispo. Once it closes I will pay the fee for chance for more listings.

As I put in the other thread regarding this company. They are responsive to offers, even on weekends. I submitted an offer on Saturday and got a counteroffer that evening. They signed all the state contracts and had them back to me within 24 hours. They do outsource the title and escrow through a "local" title place that then places the title & escrow with a title company in my area. My opinion so far is very good. I'll post back after it closes to let everyone know if I run into any glitches there.
_________________________
______
Justine



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#281633 - 03/16/09 02:59 PM Re: Has anybody paid the $200 to this AMS? [Re: Concepts05]
Leggo my Ego Offline
Member

Registered: 02/08/09
Posts: 488
Loc: Phoenix, AZ
Application is approved. Disregard previous post. I dont mind taking one for the team... at least it is a write off smile


Edited by The Keene Team (03/16/09 03:47 PM)
_________________________
REO Liquidation Specialist/REALTOR(R) since 2006
5 Years Lending experience Prior to Real Estate
Champion of Common Sense and Reason smile
Official Thread Searcher for Members who don't feel like searching for answers to their questions- I am at your service smile

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#281635 - 03/16/09 03:03 PM Re: Has anybody paid the $200 to this AMS? [Re: jbt4re]
burlingtonncre Offline
Member

Registered: 01/26/09
Posts: 112
Loc: Burlington, NC
I'm a little worried, I made the jump, and haven't heard anything since about my registration. When I emailed the address that emailed me telling me that my application was received, it came back as a permanent error.

Well, my $200 is gone, so I'll hope that I hear something soon.

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#281636 - 03/16/09 03:08 PM Re: Has anybody paid the $200 to this AMS? [Re: burlingtonncre]
Leggo my Ego Offline
Member

Registered: 02/08/09
Posts: 488
Loc: Phoenix, AZ
You too huh... sadly I was kindof expecting this... but I pulled the trigger any way. I'm a sucker smile
_________________________
REO Liquidation Specialist/REALTOR(R) since 2006
5 Years Lending experience Prior to Real Estate
Champion of Common Sense and Reason smile
Official Thread Searcher for Members who don't feel like searching for answers to their questions- I am at your service smile

Top
#281637 - 03/16/09 03:13 PM Re: Has anybody paid the $200 to this AMS? [Re: Leggo my Ego]
EMREO Offline
Member

Registered: 03/24/07
Posts: 58
Loc: Michigan
I'm a sucker, too. Signed up last week and coughed up the $200. It only took a few days for my documents and resume to show "approved" after I uploaded them. No assignments to date although I know better that to set my hopes too high...

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#281640 - 03/16/09 03:19 PM Re: Has anybody paid the $200 to this AMS? [Re: EMREO]
Leggo my Ego Offline
Member

Registered: 02/08/09
Posts: 488
Loc: Phoenix, AZ
Huh, I just checked the status and mine says approved now. So I retract my earlier comment. Now time lo let the listings roll in!!
_________________________
REO Liquidation Specialist/REALTOR(R) since 2006
5 Years Lending experience Prior to Real Estate
Champion of Common Sense and Reason smile
Official Thread Searcher for Members who don't feel like searching for answers to their questions- I am at your service smile

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