Pay REO Asset mananegent company to receive foreclosures?

Pay REO Asset mananegent company to receive foreclosures?

Real Estate Agent · Plano, TX · Member since 2017 · 40 posts · 9 votes

Hey all, Has anyone out there ever paid the annual fee to an Asset Management company to receive the foreclosed properties in their inventory?

If you have what was the process like?

Where you successful?

Would you recommend this?

Is this a good Return On Investment?

Did you have to pay utilities etc for the properties you received?

Thank you!

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  • Real Estate Broker · Orange, CT · Member since 2013 · 951 posts · 218 votes
    9y

    That is a common Scam in the REO Industry. Do not do it.

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