I did a search and did not find anything about this company. I am signing up with them and was curious as to whether anyone has worked with them in the past and whether or not they were worth signing up for??? Any input would be greatly appreciated... Thanks in advanced..

I have the website... I have the paperwork to sign up with them. I am curious as to whether or not anyone has worked with them in the past and whether they are a good company to work with... Thanks for the input though...

What kind of work are you going to do for them?

The forms ask for more information on managing REOs than BPOs But I believe that it will be both... I am not for sure yet. I am going to call them tomorrow and ask a few questions... I will update you.. If anyone has an experience with them that would be great if you would share...

The only thing I know about them is they have HUD listings. It looks like that is most of what their listings are, with few bank listings. You can use their site to place bids on HUD properties in some states. But some of the states are duplicated on www.pyramidrealestate.com. I didn't know they did BPO's. If you are a listing agent for HUD, (in my area), you do the bpo's for free, and you do not get paid for the listing unless you sell them.
I noticed they have no listings in Alabama. Maybe they are starting something else.

I don't know... I had requested information and they sent me a Vendor Registration package... I will keep ya informed...

Please do. We are registered with them to sell HUD homes, but I am not aware of them assigning non-HUD REOs. Will look into it, though!

North Alabama, I don't have any experience with First Preston, however, if you want to get into HUD homes in Alabama, Hooksvanholm.com is the website for HUD listings, training, bid submission, etc.

I have in my notes that First Preston does REOs for BofA. Can anyone confirm that?

I know the website for hooksvanholm... I check in on it pretty often to check on the HUDs themselves... Thanks though!!!

Jollymon- I know BOA listings are on their website, so i assume that First preston is handling them, among others.

Update; First Preston contacted me a few weeks ago to list BOA REO in this area. We had to document our insurance coverage and upgrade some to their standards. The rep has been wonderful (and wonderfully patient with me), and has explained their process so even I can understand it. We'll see how it goes, but I see it as a great opportunity, and I'm excited about it.

They lost the contract for HUD properties here in Minnesota and I noticed that they have no bank owned in this state either (but 4 in Iowa).

But a few years ago we worked with them on a regular basis. Good guys.

Steele in Minnesota

Good For You, Zephyr...keep up the good work and let us know how it goes.