Does LFS issue listings?

No.

LFS USED TO GIVE LISTINGS MANY YEARS AGO, NOW ITS HARD TO EVEN GET A BPO FROM THEM. WE SOLD SOME PROPETIES FOR THEM AND HVE NOT HEARD FROM THEM IN YEARS... ANYBODY KNOW WHAT HAPPENED TO THEM????

We just received a BPO from them and payment came in less than 10 days.

What does LFS stand for?

Lender Financial Services. I just signed up with them last evening. Hope to get some business from them. Make it a GREAT day!!

I had 6 orders from them last month and have already been paid and have 4 so
far this month -reps always nice when I talk to them even paid me a trip fee for a canceled order but before last month I did not get a single order from the point they all merged into 1 site

I have sent them my info twice to register and I haven't heard anything back from them as of yet... We'll see I guess...

Has anyone noticed how many newbies have been around here lately? I've noticed a lot of new people politely asking for websites and other related questions the last few days. Has retail real estate really got that bad?

Not in my neck of the woods. The retail market is booming!! Personally, I can't wait to see who replys first to the List of BPO/REO companies thread!!

Real estate is going pretty good in my area, but the foreclosure rates are definately rising and I think many agents are starting to notice this and want to throw their hats into the ring. With the way the economy is going, I think FC's will continue to increase and conventional sales will slow down over the next few years, that's why so many are eager to be established in this specialty. the problem is that so few getting started have a clue how much more goes into marketing REO, and really are not well-equipped for the task.
As for LFS, i'm signed up, but have had no work from them yet. I have 4 in pre-list with other companies, and have been turning down BPOs lately because there's not enough time to get to them all, but if any new companies send me something, i will do my best to get established with them as well!

California is still booming. We handled REO's in the mid to late 1990's and I am seeing more and more of them so thought we would slip back in. We are not newbies to the BPO/REO business, but newbies to the site. For the newbies to the BPO/REO business, it's not easy but can be rewarding if you can handle it. Good luck!! Make it a GREAT Day!

Speaking of LFS, I got my first BPO request from them just minutes ago. This is actually my first BPO request I received since I have gotten back in to doing them (2 weeks of signing up with various companies). Make it a GREAT Day!!

Yes they do. I received one from them last summer. It went smoothly and all was reimbursed. Havent had one since though.

Hey Allen Team...congratulations. I, too, had left the foreclosure business for awhile. Actually, about a year to move back to Ohio to help care for my dad. I got back in about a year ago and doing well.
Welcome Back!!

Thanks so much, I am a little rusty, but looking really forward to it. I can't say enough about this site, I have only been participating for a couple of days and already I am learning a ton.

Why is everyone so hard on new agents? Or are people mad because newer agents might have better marketing plans than "seasoned agents"? If we can't get along then how are we suppost to service our clients? And I may be newer to the real estate industry but that doesn't mean I don't know the value of customer service. (just had to throw that in there to defend us "newbies")

dragontear12 - Who knows! I think some realtors get an "i'm better than you" attitude pretty easy. I'm not sure why. It happens everyday in my area. The unkind way people treat each other is really uncalled for. I'm not saying that the seasoned agents should give up client lists or anything else but everyone should treat each other respectfully and honestly.

With rising interest rates,the leaders of the industry are predicting foreclosures and second vacation homes will be the big trend in the next 10 to 15 years.As the huge number of boomers retirs they will be looking to downsize there homes and move to the beach or the mountians.

With high interest rates homeowners that are locked into fixed sub 5 to 6 percent interest rates will not want to sell unless the absolutely have to.That leaves mainly new home buyers purchasing homes.

As interest rates rise potential homeowners will not be able to purchase a home and will see more value renting from an investor owned property that locked in a long term low interest rate that is renting out below market.

Agents think the REO business is easy. A friend of mine & former mortgage lender ran into a Realtor I worked with several years ago. They realized they both knew me and he told her I had retired, she said no that I was working for HP&W, his reply was yes but I was doing that repo thing so I was retired. She set him straight.

I snorted water through my nose when I read that!