The banks have set their networks over time and do not want to expand the realtors they use. It is a matter what is more efficient for them or the asset managment company that is used. It is difficult to manage properties all over the nation and it is easier to use the contact you know than try to contact a new person and train them according to their procedures and requirement.
There are good realtors that can handle large areas and there are others that can not handle properties next door to their office. The issue is performance and I am not sure the asset managers or banks are monitoring the performance of the realtors used.
The other issues is sometimes the banks are not dealing the the indiviual cases in an aggressive manner and then make a huge correction to offset the mismanagement.
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee... more