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#164844 - 08/21/07 04:45 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: JoeRealEstate]
erskine748 Offline
Member

Registered: 02/09/07
Posts: 364
Loc: Ohio
I have been signed up with them a long time.I don't pay for extra zip codes.The only contact I got from them was New Century and of course they went bankrupt.

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#164860 - 08/21/07 07:03 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: erskine748]
linnea213 Offline
Member

Registered: 07/14/06
Posts: 297
Loc: Illinois
I have been signed up with them for over a year and have had my profile viewed over 800 times and not one call. Plus I have used the site for my reo listings. I originally had 10 zip codes now I have 4 plus my freebie. It's such a small investment overall that I keep it hoping that 1 contact/listing will pay for it and the exposure can't hurt.

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#164861 - 08/21/07 07:15 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: linnea213]
rich1mck Offline
Member

Registered: 07/13/07
Posts: 246
Loc: Port St Lucie, Florida
I would suggest that you guys change your profile. Try to dress it up with some marketing examples, sales awards, reo experience, ect. I purchased about nine additional zip codes. My profile has been visited 19 times.

I signed up with them in early July and last week got an email through the reotrans system from FIL assigning me TWO LISTINGS! The asset manager said she liked my profile and was hoping that I was available. laugh I have followed their instructions in reotrans - i.e. checking occupancy, re-keying, utilities and bpo. Now I am just waiting on them to settle on a list price.

So far, so good.

_________________________
Ignorance is Bliss...Stop being Blissful.

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#164866 - 08/21/07 07:41 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: rich1mck]
seasaw Offline
Major Contributor

Registered: 10/14/06
Posts: 1668
Loc: USA
What does FIL stand for?

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#164870 - 08/21/07 08:06 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: JoeRealEstate]
A1fla Offline
Member

Registered: 08/09/07
Posts: 93
Loc: Florida
I signed up for 8-10 zipcodes in February of this year, zero calls , zero business. It's inexpensive, but it does not produce any business. I think they make it so inexpensive and make money on the volume of Realtors that sign up and pay $10-$15 per month

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#164874 - 08/21/07 08:09 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: seasaw]
JoeRealEstate Offline
Member

Registered: 07/19/07
Posts: 36
Loc: Fort Wayne, Indiana
I thought my profile is good, but if you don't mind making any suggestions they would be greatly appriciated

"I have been a REALTOR since 2000. In '05 I received my Brokers license. I have sold many Foreclosures & Short Sales. I have a powerful marketing system that will SELL your homes. www.JoeRealEstateFW.com"

I also have my photo posted on my profile.

As far as my area, I have all of the county I work. I could expand it to a few more counties, but don't want to spend the money if I am not getting results. The area I have has hundreds of foreclosures, it's not like i am in the middle of nowhere
_________________________
Joe Leksich
Joe Real Estate Inc.
#1 Advantage Realtors
Fort Wayne Indiana
www.JoeRealEstateFW.com

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#164921 - 08/22/07 01:13 AM Re: ReoTrans Worth the Investment or Waste of Money? [Re: JoeRealEstate]
BpoBill Offline
Major Contributor

Registered: 09/24/06
Posts: 2304
Loc: US
Too many "I's". What you're getting across is fine, but try and reword it so you dont say "I" as much. I have that same problem sometimes. I cant help that im confident and like to talk about myself smile

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#164974 - 08/22/07 12:19 PM Re: ReoTrans Worth the Investment or Waste of Money? [Re: BpoBill]
linnea213 Offline
Member

Registered: 07/14/06
Posts: 297
Loc: Illinois
I think it depends on your location and of course how many other agents in your area are signed up.

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#176626 - 10/20/07 08:57 AM Reotrans - my first bpo order
papa lou Offline
Veteran Member

Registered: 04/23/06
Posts: 889
Loc: Los Angeles, California
Just received my first bpo order through Reotrans.

I need help with reading the message or maybe the message is just that I have a bpo order; I don't know. I am looking for an order form or something to that effect that tells me what photos they want and specific instructions for the bpo from the lender. I have tried everything logical.

I can't seem to read anything that tells me what photos to take.

I will probably take address verification, front house, side of house, street scene, across the street in front of the house and street sign just to cover everything, but is there a order form with specific instructiosn from the lender?

YOu can PM if you want. But I need some help. I also emailed support@reotrans too, but it is Saturday 10/20 and someone may not reply until MOnday. I want to get this bpo done today.

Thanks.

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#176628 - 10/20/07 08:59 AM Re: Reotrans - my first bpo order [Re: papa lou]
OHAgent Offline
Major Contributor

Registered: 02/08/05
Posts: 2783
Loc: Ohio
Papa, check the previous post on Reo trans. Other agents were asking the same question and I believe they got it figured out. I only skimmed the post, so I don't remember the answer.

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#176629 - 10/20/07 08:59 AM Re: Reotrans - my first bpo order [Re: papa lou]
amplet Offline
Veteran Member

Registered: 08/10/05
Posts: 844
Loc: MN
3+ of Subject Property (address verification, front and side photo preferred)

1 MLS photo or printout of each comp sale and each listing

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#176635 - 10/20/07 09:37 AM Re: Reotrans - my first bpo order [Re: amplet]
papa lou Offline
Veteran Member

Registered: 04/23/06
Posts: 889
Loc: Los Angeles, California
Amplet I PM'd you.

Does anybody who uses REOTRANS know where the order form is specifying where the photo requirements are or what the other requirements of this lender are? Please advise. PM if necessary. I am searching this board and can't locate anything. Also I have time constraints right now and can't read all the REOtrans postings to find this answer.

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#176637 - 10/20/07 09:46 AM Re: Reotrans - my first bpo order [Re: papa lou]
sybadon Offline
Veteran Member

Registered: 04/11/06
Posts: 631
Loc: Earth
I got an email after I took pics that they required 12 of the suject...exterior...I submitted 2

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#176657 - 10/20/07 02:19 PM Re: Reotrans - my first bpo order [Re: sybadon]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
2 differnet amounts ............

One area said 9 photos

The other said 12 or more

I gave them 11 ..........

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#176659 - 10/20/07 02:33 PM Re: Reotrans - my first bpo order [Re: SLO Broker]
jbt4re Offline
Major Contributor

Registered: 03/04/07
Posts: 2079
Loc: SWI
Got my first order from them this morning. Picture requirements were included in a confirmation email from the asset company, it came about 2 hours after I accepted. As for the amount of pictures once you are in the system, it does state a minimum of 12 on the left had side, but to right of that it will say how many are required to upload for that particular order, in my case 9 pictures total, 3 of subject, 3 listing and 3 sales. It counts down for you as to how left you need to upload.

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