Residential Real Estate Broker · lincoln park, MI · Member since 2008 · 2 posts · 0 votes
hi, does any one has a direct number to countrywide asset manager, or in how to get their listings, please let me know and feel free to email me if you want.
thanks
I don't have CWs asset manager info, but we work with 3 asset management companies to list our REOs. Where are you looking for REOs and I can get you connected with the Asset manager's accordingly.
I noticed that you are in Detroit. I have tons of property in Wayne county.
Countrywide Asset Manager? I don't think you will find to many people giving up the information including myself however I hear the discounts are not as great as one may think perhaps in the near furture...
Do you have any contact info for asset managers? Much appreciated if you do.
Thanks,
Bernadette
Originally posted by "ROYALT":
I don't have CWs asset manager info, but we work with 3 asset management companies to list our REOs. Where are you looking for REOs and I can get you connected with the Asset manager's accordingly.
I noticed that you are in Detroit. I have tons of property in Wayne county.
Do you have any contact info for asset managers? Much appreciated if you do.
You can start at the banks selling REO
http://www.biggerpockets.com/bank-reo.html
After not getting the level of cooperation you want (desire) start to write a script and eliminate the things (words) that don't or didn't work the first go around. Discipline, dedication, and diligence will ultimately get you what you are looking for as "NOBODY" with the contacts you seek will divulge them. These are income producing contacts and I can't see someone offering a split to their potential deals...
Everything you seek is attainable through the links,
I have done several short sales and no REO's I recently had a couple of back right me referal letters about my performace. I have submitted full packages of information and nothing. I submitted my mail to 150 asset managers and nothing. I called to follow up with all of them and could never get to an actual person. My brother is the VP for Wells Fargo in the appraisal department and I could not even get the inside scoop from him. He said that a inter-office memo about giving out info. That really is discouraging. I have tried every back door and calling like I already had the listing with just giving the document number and that almost worked but then I got a voice mail and no call back. Help me anyone. I am in San Diego CA.
I am in North County San Diego. I work all of San Diego but mostly coastal. At this point I will sell anywhere in San Diego. I have got the run around from so many asset management companies that I am getting discouraged. In San Diego there are about 5 companies doing almost all the REO work. They have well over 100 listings each. It is really difficult to get the these guys. I have tried everything. We are super professional and have so many great people on our team but I can't even get a call back from the 150 asset managers I have put out our information to. Believe me it looked first class. Professional photos, professional printing, bank recommendations. Massive years of real estate experience. You name it. So what do you think the problem is out here is San Diego?
Hire a private investigator to find out who they are, what office they work out of and the name of their executive secretary.
Have the investigator find out what organization(s) or clubs the manager belongs to, show up at one of their meetings as a true believer who has fortuitiously "bumped into them".
Try sending a big bouquet of flowers to the executive secretary along with a singing telegram person who will deliver your message and hand him or her some ballons and a bottle of good wine with your compliments and business card.
Find out the best restaurant in town where they work and leave a message that you want to take the manager to lunch at that restaurant.
Ask the secretary who the manager's favorite sports team or performing artist is and send a couple of box seat or front row tickets with your complements with a request for a fifteen minute meeting
If none of these things elicit a response, the person is subhuman.
Countrywide is by far my favorite company to sell REO's for. Not only do they price them 10% to high but their asset managers revolve every 4 weeks or so. I have yet to have the same asset manager on a file at the begining as when I started. I would suggest a different bank. Try the five star conference this summer.
As for the "asset managers".....? Not sure how you're addressing them
Shoot me an email and I'll take a look see at what you're doing
Chris
Since you seem to know a good deal about this, I assume you have made these contacts. Is it easier to deal through someone like you who has already gained these sources while trying to develop them on one's own, or is that not cost effective?
I heard from someone at Countrywide that the REOs are distributed by local offices to local real estate agents who have given the company business over the years. After I heard this, I threw some business to one of my local Countrywide lender guys but so far no listings.
Sharon...I know how you feel and your sense of frustration. It boggles my mind why the banks give so many listings to the same agents. Some of them are excellent agents but some are losers who never return calls, don't put correct info in the MLS, have wrong combo codes, etc, yet they keep getting listings. I spent most of last year trying to break the code and attending conferences to smooze some asset managers with very little luck. I got 2 listings emailed to me (truthfully I don't even know how I got them), one of which I sold in 30 days but then never got any additional business.
Mark...I can't tell if your wining & dining advice was in jest or for real. I've heard tickets to the Lakers may work, too. Of course, you've got to find the actual asset manager to extent the invitation. However, I had a friend propose some sport tickets to one AM and he said he was offended by the "bribe."
I realize that agents in the same area are never going to share contacts or information but I don't really understand why the whole REO club is so tight to not share info. with agents from other areas. I would be more than willing to give 25% of my commission to an agent whose AM contact is giving me listings. Anyone want to take me up on my offer???
I heard from someone at Countrywide that the REOs are distributed by local offices to local real estate agents who have given the company business over the years. After I heard this, I threw some business to one of my local Countrywide lender guys but so far no listings.
Sharon...I know how you feel and your sense of frustration. It boggles my mind why the banks give so many listings to the same agents. Some of them are excellent agents but some are losers who never return calls, don't put correct info in the MLS, have wrong combo codes, etc, yet they keep getting listings. I spent most of last year trying to break the code and attending conferences to smooze some asset managers with very little luck. I got 2 listings emailed to me (truthfully I don't even know how I got them), one of which I sold in 30 days but then never got any additional business.
Mark...I can't tell if your wining & dining advice was in jest or for real. I've heard tickets to the Lakers may work, too. Of course, you've got to find the actual asset manager to extent the invitation. However, I had a friend propose some sport tickets to one AM and he said he was offended by the "bribe."
I realize that agents in the same area are never going to share contacts or information but I don't really understand why the whole REO club is so tight to not share info. with agents from other areas. I would be more than willing to give 25% of my commission to an agent whose AM contact is giving me listings. Anyone want to take me up on my offer???
want to get the listings
send them some loans
when you get the listings.... make sure they get the loans
FYI, they will at any point pull them from you and send them to auction
I've read all the blogs about the countrywide asset managers. What about the others? like Chase, Wells Fargo. Does anyone have more information? I would love to hear from anyone with info. I'm tired of these "crash courses" on being an REO
It seems that the only way into listing Countrywide REOs is through the loan officers. I still do BPOs for them but right now I know that I will never get a listing from them.
Reorecovery, I think your post is hilarious. Unbelievable that we actually have to "bribe" these people. You would think they would like to have as many brokers as possible bidding on these properties.
The REO listing side is burdened with maintaining the properties and doing monthly reports. Most companies require you to front the expenses until the property sells. They will ignore the proper value you set and then after 90 days re-assign it to another agent and then lower the price to what it should be and then it sells.
Doesn't sound like something I would like to get mixed in with!
Reorecovery, I think your post is hilarious. Unbelievable that we actually have to "bribe" these people. You would think they would like to have as many brokers as possible bidding on these properties.