I signed up with them. I get 1 zip code for free, then I pay for 5 other prime zip codes ($1 per month each), I will add other zip codes when the reo market kicks in.
I have not received any leads from REOTrans, probably because their are very little reo's in my area.
It is my understanding that HSBC, Centex and Accredited Home Loans use this service to select the broker to market their reo properties. If anyone knows of other lenders that use REOTrans, please post.
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Jim Pike
Realtor / REO Specialist
Gold Star Realty
Burbank, California
818.845.2303
www.JimPike.com