Starting March 1st, my inbox has been swamped with "great deals" and "limited time offers" from all the companies/ platforms I am signed up with. (res.net, LRES, Dispo, etc...)
It would appear they are hurtin'....they have litle or no work to send me but they want me to pay for an upgrade or banner ad.

It's your money and they want it NOW. LOL

My fav was the guy from LAMCO...he asked me "do you want to take a chance and hurt your business by not being on our preferred list, blah, blagh, blah..."

I liked working with Lamco when it was free but it's not worth it anymore. I made a promise to myself to NEVER fall for the "preferred vendor" line a long time ago and am happy about my decision, considering the complaints I've heard.

Linda

Hi MArealtor- I can't speak for other companies, but I can for RES.NET.

We occasionally send out promos to our members to thank them for being a part of our community. We also send out information to help them increase their visibility to asset managers (which includes the banner ads you mentioned). This in no way means we're "hurtin'", just that we value our members, and want to provide them with the best service possible.

With that in mind, as I've said before in the resnet thread, we do not send you listings. It is the asset management companies that send you listings. So the more visible you are to them, and/or the better the relationship you have with them, the better the chance is they'll send you listings.

Hope that helps!

-Pauline

Have you no heart? You won't donate money that you're HOARDING to hungry corporations that are suffering in the recession?

Anyone that accepts work for Old Republic and is closely approaching their expiration date on that vendor manager thing, don't renew. Mine expired about a month ago and I continue to get orders from Old Republic. Vendor manager has threatened to tell ORT and EP that I'm no longer active and what not but I'm still getting orders.

From my little corner of the world it LOOKS like agents are refusing OR orders, and orders from others. They keep making the rounds for a couple of days, and I've been observing the phenomenon for several months. I know some REO listing agents are still doing BPOs, but certainly not as many. And my 2nd opinion BPOs aren't getting done by the usual REO listing agents. I think mostly they've stopped b/c the fees are too low even with staff hired to help out. I know I stopped over a year ago except for companies generally known to give listings. I'm also seeing requests from companies I never worked with-- maybe their traditional agent pool has evaporated?

Pauline-

Res.net is exactly one of the companies I am talking about. The banner ads, the "AMP" upgrade..... Its all tchotchke. (look the word up, pronounced "C-h-a-c-h-ki")

Doesn't "tchotchke" mean junk that you really don't need? Stuff you bought that you can't really use and just sits around collecting dust?

In the age of the web, its virtual junk I don't need.

Virtual Junk-- good one!

LRES just hit me up for money. Something about a preferred list. I guess business is slow for them.

[quote=DueDiligence][quote=MArealtor][quote=RESNET_AMP]Hi MArealtor- I can't speak for other companies, but I can for RES.NET.

We occasionally send out promos to our members to thank them for being a part of our community. We also send out information to help them increase their visibility to asset managers (which includes the banner ads you mentioned). This in no way means we're "hurtin'", just that we value our members, and want to provide them with the best service possible.

With that in mind, as I've said before in the resnet thread, we do not send you listings. It is the asset management companies that send you listings. So the more visible you are to them, and/or the better the relationship you have with them, the better the chance is they'll send you listings.

Hope that helps!

-Pauline [/quote]


Pauline-

Res.net is exactly one of the companies I am talking about. The banner ads, the "AMP" upgrade..... Its all tchotchke. (look the word up, pronounced "C-h-a-c-h-ki") [/quote]

Doesn't "tchotchke" mean junk that you really don't need? Stuff you bought that you can't really use and just sits around collecting dust? [/quote]




Actually, it means ornaments and trinkets and the like, but I guess for most of us, those are the things that are sitting around collecting dust. ;)

But as for our banner ads and AMP upgrade, those are tools we've created that help our members to gain greater visibility to asset managers.

However, we completely understand that some of the tools we offer do not fit into the business plan of some of our members, and if you'd like to stop receiving these emails, just PM me your email address and I'll make sure you get taken off the mailing list.

Hope you all had a great weekend! :)

-Pauline

Pauline,
Respectfully speaking, how it sounds is throw Res a few bucks and get in front of asset managers, AM's are on here and what are they going to think??? Lets find our agent on res?? Why would they since any schmuck can sign up??
Just trying to make good point and glad you are on here and taking question's. Hope you have a great week and can't wait for your reply. I do use the res system and over all its a nice system, I will not pay anyone that promises possible listing's, my hard work has lead to many referall's from AM to AM, I did over $5,000,000 in REO sales last year and ok with that. I think am's are onto all this BS and use there private lists and share with other AM's for the most part.