I'm curious if anyone has heard of such a thing. I was talking with some insiders and they mentioned that there is a list called the "Cruel Inspection List" it's an industry wide list that has the names of companies, Realtors and Brokers doing shady business and/or suspicious.
Has anyone else heard of this?? I'm curious.
Thanks
Tags:
Eveyln - WOW! Anyone else on this? Scary stuff...
As for my report card with BofA, I've always sensed they probably had a file on me. (My husband and I both used to work in the Corporate Development Dept. of World Savings Headquarters in CA back in the day - the 1990's - I KNOW they kept files on people -at least World did so this does not sound surprising that BofA would to the same).
Anyhow, I went to the CEO's office at BofA about a half dozen times on one particular short sale lin 2010. Closed it after 2 years, was always polite, though was always concerned I would show up on a 'watch' list. Mind you, between the time they denied the 1st sale and then finally approved the final 4th sale 2 years later (after going to the CEO's office many times and even trying to fight a bad Fannie BPO), they "lost" over $100K!!!
I fought the battle for our sellers as that was the right thing to do- though I still wonder if I'm on a black list for life. I was a pain in their side - though not 1/10th as much as they were for the sellers Vowed at the time not to take another BofA short sale listing - though now am finding that Wells is the new BofA. Ugh....
I was fired by Wells Fargo and told that I was on their list a few years ago. They actually called my broker and told him that I was never allowed to work a Wells Fargo sale again. Funny part is that I got a Wells REO listing the following week and have closed alot of Wells short sales since then. I am sure that the lenders who use "equator" type systems have a better way of tracking you and grading you.
Oh well, they can put me on their list anytime, it means that I am most likely doing a good job :)
WOW!! Now that's something I've never heard before.. a servicer requesting a change of listing agents to the principals on the contract? I'd like to hear more on that.
I'm certain there is a list; there's got to be. But will we ever get a copy and have it confirmed.. my bet is a big fat "nope".
Rick Stuart said:
I don't know whether it is industry wide list but I have received 2 short sale listings because the servicer refused the file submitted because in one case, the realtor was unacceptable to the servicer and in the other the brokerage (a small local brokerage) was unacceptqable to the servicer. Both servicers advised the borrower that they would have to submit with different listing agent and brokerage before they would review the short sale request and in both cases I closed the short sales.
Have to say thanks to everyone who commented. Great insight and information.
Thanks
Bryant, let us know the link to your newsletter?
Bryant Tutas said:
I'm going to feature this one in the newsletter today. Let's see what others have to say about this.
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