All Forum Posts by: Stephen McKee

Here in socal there are a lot of auctions going on including a REDC auction every quarter. Yes, they do bid up there own properties. Has any one else ever noticed how they "revisit" properties. Thats because the auctioneer ended up with the high bid.

If anyone is interested in auction properties head to Hudson and Marshall. I take all my cleints to there auctions because the prices are the lowest and they pay a 2% commision the the buyers agent. Every property a client of mine has ever bought there has closed.

i think the 5 day period eveyon ekeep looking over is the minimum listing period. every one of my asset managers has a minimum time the property must be listed in the mls before the will look at any offers.

However, any agent with substance will walk the offer in prior the minimum period ending and have it waiting to be submitted. I accept offers on all my properties prior to he sign going up. Most times agents are submitting offers based on the BPO price. I also send out a weekly list of our REO prior to contract.

None the less, that offer should be in that agents hands asap.

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.