Policy Change – effective May 31st

We just got our first look at the new client update system, which will provide updates to sellers on the progress of our negotiations with the bank.  It looks awesome, and we should have the finished product very soon.  That will allow the seller to view the current status of the file as we work on the note purchase with the lender.  We are very excited to have this new communication tool up and running very, very soon.

Also, if you are an affiliate (Realtor, etc), May 31th is the deadline for any listings that you want to send in which have foreclosure sale dates already scheduled.  After May 31th, we will no longer accept deals from Affilites where a sale date has been scheduled.  So, if you have a deal that you need to get in before the deadline, make sure you call your rep right away so you dont miss the deadline.

We will still accept properties from owners who have a sale date 60 days away or more after May 31st, but not from affiliates.  If you have any questions about the policy change, feel free to post on the blog here.

Thanks,
Jason Smith

Leave a Comment May 25, 2011