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#184626 - 12/02/07 01:26 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: NYONE]
papa lou Offline
Veteran Member

Registered: 04/23/06
Posts: 889
Loc: Los Angeles, California
No I did not submit any invoice and when I emailed the contact she just said make sure that the W9 is uploaded to the reotrans site.

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#184628 - 12/02/07 01:32 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: NYONE]
Lady BPO Offline
Member

Registered: 11/27/07
Posts: 40
Loc: Texas
Well thats odd because I called them (E.P.) yesterday about pmt for bpo's done in October and I was told that I had to submit them in the expense section. She said once I did that I should have my check by the end of December.
_________________________
*Realtor (R) 13 years
*BPO 11 years
*REO 5 years

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#184643 - 12/02/07 02:37 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: Lady BPO]
papa lou Offline
Veteran Member

Registered: 04/23/06
Posts: 889
Loc: Los Angeles, California
My work was straight bpos, not a bpo for a reo listing -- if that makes any difference.

I am noticing different responses from different people to the same question; that is a sign to me that the company is unreliable. We will see if I get a check by Xmas.

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#184659 - 12/02/07 05:37 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: papa lou]
jbt4re Offline
Major Contributor

Registered: 03/04/07
Posts: 2079
Loc: SWI
From reading here I've noticed that you can sign up two ways: as a vendor and as an agent (can do both?). I am signed up as an agent. Perhaps we need to be signed up as a vendor too in order to submit invoices for payment. I have looked everywhere on the REOTrans site once I am logged in for an expense section. No such link.

I just don't know if we sign up as a vendor now if we can submit past work done under the agent login.

Any thoughts from anyone?

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#184854 - 12/03/07 02:00 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: jbt4re]
jbt4re Offline
Major Contributor

Registered: 03/04/07
Posts: 2079
Loc: SWI
UPDATE: I got a check for October orders today from Equity Pointe. A very good sign. Don't know if my phone call last week prompted it, as I never finished my conversation with the person I spoke with (they kept me on hold for a long time), but I got a check. So, I am guessing January for my November orders.

At least I know I will eventually get paid.

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#184945 - 12/03/07 07:34 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: jbt4re]
PhoneBob.com Offline
Member

Registered: 08/18/07
Posts: 62
Loc: CA
I recieved my check from Equity Pointe today also without calling them.
Now If I could only get some more orders from them.

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#184958 - 12/03/07 08:21 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: PhoneBob.com]
josemace Offline
Member

Registered: 03/06/06
Posts: 13
I received a check today for order I di on Oct. 20. I did not create an invoice but did get an email several weeks ago reminding me to upload W9

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#186700 - 12/11/07 05:09 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: josemace]
seasaw Offline
Major Contributor

Registered: 10/14/06
Posts: 1668
Loc: USA
I received a check today from Equity Pointe for 2 of 5 orders recently completed.

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#188383 - 12/20/07 01:00 AM Re: ReoTrans Worth the Investment or Waste of Money? [Re: seasaw]
HomeFinancePro Offline
Junior Member

Registered: 12/20/07
Posts: 2
Loc: San Diego, CA
Accredited Home Lenders uses REOtrans as well. I recently had to sign up with them and now have to learn all the ins and out so I can start placing orders on there. I handle preserving all of their abandoned foreclosures and now we just picked up REO. I am getting my dad (a broker) set up on there so I can try to get him listings.

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#189119 - 12/24/07 11:45 PM Re: REOTRANS [Re: seasaw]
Diahann Offline
Member

Registered: 02/09/06
Posts: 16
Loc: Chicago
 Originally Posted By: seasaw
I haven't received payments from Equity for the six BPOs I completed. I'll not accept more requests without payment.


\There is a system on the site you are suppose to use to (I guess you can say invoice). You have to go to expenses and add the payment you agreed to, to expenses. I also with any compnany follow up with the asset manager. I have not had a problem yet hope this helps.
_________________________
Diahann Goode
Major Enterprises, Inc
Chicago
http://www.homebuyingspecialist.net
"Service Is My Business"

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#189185 - 12/25/07 10:41 PM Re: REOTRANS [Re: Diahann]
seasaw Offline
Major Contributor

Registered: 10/14/06
Posts: 1668
Loc: USA
 Originally Posted By: Diahann
 Originally Posted By: seasaw
I haven't received payments from Equity for the six BPOs I completed. I'll not accept more requests without payment.


\There is a system on the site you are suppose to use to (I guess you can say invoice). You have to go to expenses and add the payment you agreed to, to expenses. I also with any compnany follow up with the asset manager. I have not had a problem yet hope this helps.



They have paid me for all orders now. They seem to request orders the same time every month (i.e., 19th-20th)

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#190058 - 12/31/07 12:06 AM Re: REOTRANS [Re: seasaw]
hmeseller Offline
Member

Registered: 07/09/07
Posts: 39
Loc: SoCal
Anyone having problems getting on to REOTrans this evening? Site seems to have been down for at least 4 hours tonight and I have several tasks due this evening too! Damn.

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#190059 - 12/31/07 12:11 AM Re: REOTRANS [Re: hmeseller]
tnugent Offline
Member

Registered: 07/13/07
Posts: 350
Loc: Ohio
Everyone is having trouble, from the web site.

"We're sorry! REOTrans is currently undergoing scheduled maintenance. Please try back later."

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#190062 - 12/31/07 12:25 AM Re: REOTRANS [Re: tnugent]
hmeseller Offline
Member

Registered: 07/09/07
Posts: 39
Loc: SoCal
I get into the habit of saving, then reentering the site while completing my BPOs. Today, I had entered all listing data for all three comps - went to save - and bang! Got that message and lost that data. Waited an hour, logged back in...and everything seemed to work fine until I tried saving the data I just inputted for the second time. Got that message again and have not been able to log in since. Perhaps filling out my BPO for a third time will be the charm. Damn that sucks! I hate having to reenter data on these forms. What a waste of time.

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#190089 - 12/31/07 08:13 AM Re: REOTRANS [Re: hmeseller]
cindysellshomes Offline
Member

Registered: 10/08/07
Posts: 196
Loc: Nashville, TN
Wha! La! The system is backup
_________________________
Cindy Jacobsen, Haven Real Estate
www.MoveToWhiteHouse.com

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