I am a realtor how can I get foreclosed listings fro...

We need licensed agents to list our foreclosures! America Buys Foreclosures (ABF) is a nationwide asset management company that is contracting with banks to sell their REO's and Pre-Approved Short Sale Properties. Agents are required to sign up and train with ABF as well as e-signing program. **Our agents DO NOT INCUR any monthly costs for our properties (NO cash for keys, NO utilities, NO repairs/re-hab costs, etc.)! ABF puts all costs in their name. **Agents are not required to change Brokers. Send me an email and I will respond with a link to our Webinar. 
Thank you,
megan@abfnetwork.com

Calling Megan Combs. Can you post names of Realtors who have received your REO listings? Signing $150 for training, charging $30/month for an esign service you are selling whether you use them or not is a scam. Charging another $99/mo for every zip code if you get a listing is another scam. My fellow Realtors, don't fall for this ploy. Go direct to Asset Managers who are legitimate and have been doing them for a long time like Goodman Dean, IAS, Keystone, First American, Nations, etc. Did you notice that whenever Megan is asked to put referrals of Realtors who have received listings from them she is dodging the question and not talking about it? Sell your service in eBay. I guess you have already made a lot of money from Realtors who went to your training and after realizing that they made a mistake and cancelled their association with you. A franchise company who have assign you as their approved supplier even cancelled their association with you after a lot of their agents filed their complaints with the main corporate office. What can you say about these allegations? I want to hear your side.

  I have been quietly listening for some time regarding ABF and have several concerns that I think need to be addressed. I have been doing research on ABF for a couple of months.  I have been reading the forums on the net and doing my own search for answers.  Some of the things I have found out are that the address that is listed with the State of California for the corporation is a very small space above a touristy strip mall just off of the Pacific coast highway near Newport Beach CA.  I was able to see with Google Earth.  It is not a very impressive location for a nationwide asset management company.  It also appears that ABF’s parent company is Settleware.  If you read the FAQ's on the company web page it is all about the e-signing software which is a product of Settleware.  After finding out that ABF was owned by Settleware, I was a little unsettled (sorry I couldn’t help myself).  My gut feeling is they are trying a new way to sell their product, which would explain why they keep reiterating that it can be used for all of your business and that you must purchase the product to do business with ABF.  The training is also all about the e-signing software and apparently has little or nothing to do with selling REO's according to someone who has been through the training.  ABF may very well be making an attempt to get into the asset management business, but what do they bring to the table?  They do not appear to be having much success as they have continually pushed back the date of their first listing release.   
   Everyone keeps talking about the business model, what I want to know is who are the principles putting this company together?  What are their credentials with asset management? That is the first thing I want to know about anyone I do business with.  When I opened my own brokerage, the most important thing I had to offer was my experience and knowledge of the business.  I have not heard one thing about the experience, knowledge or for that matter the identity of who is operating this company or anyone in management.  Here in Las Vegas you have to know the right people to get into the REO business.  I want to know that the management of this company is a known entity in asset management, with a track record and good reputation.  
    Another concern I have is an asset management company that would take anyone with the ability to pay for software training and software without regard to their qualifications or experience (and no training regarding REO policies or procedures) seems to me to be setting itself up for some really unhappy banks.  If the management of this company doesn't include people with years of experience in asset management and banking who can be checked out and verified, then I can’t see what the value of this business is.  I can go purchase much less expensive soft ware for electronic signatures.  If I could just get one agent to verify results, which at the present apparently do not exist as not one agent has stepped forward with news of any listings, in fact an agent who was signed up with ABF several months ago and was singing their praises last month is now beginning to doubt if they are real and has been talking about the old deals they offered like 5 free zip codes, that were taken away, what is that all about?
  As for Megan, I have read her posts and answers to questions as well as her non-answers to questions.  Megan you have not always been kind to people who question you and have accused them of being malicious.  I have nothing against you or your company; I am just an agent here in Las Vegas who is looking for answers.  I would love to sign up with your company if I was confident that it could work, but I need more information before I part with my money.  I think you could really silence the naysayers with more information.  I am really not trying to be difficult; I am just a business woman who is asking for answers to business questions.
With that said, here are my questions for you:
1.     Could you please post the names and background of the key managers of the company as that would make real estate agents lot less skeptical?   Most legitimate companies have an “About Us” page.
2.      Why does your website have a link to First American Home Warranty?  It doesn’t work.
3.      Does First American know you have them on your website?  I asked one of the VP’s here in Las Vegas about your company and he had never heard of you.
4.      Why are so many of the links on the website not working?
5.      Why are your contracts with the banks confidential?  National Default Services lists all of the banks on their website, as do other asset management companies.
I and many other agents out there thank you for your help.   

Hello to everyone who is interested in America Buys Foreclosures and taken their time to post.  We appreciate the attention and your interest.
I am going to have to sign off on these posts as I do not have time to keep up and reply. If you have specific questions regarding ABF's Listing Agent REO Referral Program , please email me @ megan@abfnetwork.com.
Best of luck to all in their Real Estate business and endeavors.
Thanks again,
Megan

Megan, you should be ashamed of yourself?  I have been reading your posts on every REO forum out there for several months, you have always had the time to tout ABF, forgive me if I call Bullsh**!  The first time someone asks you a  real question about ABF that should be easily answered you use the old "I'm too busy now" line.  Shame on you and ABF.  Apparently it's time to get out of the fake REO business.  I hope all of the Realtors who have paid you their hard earned money in good faith either get the answers to my questions or a refund of the money they trusted you with.  There should be a law against people like you and ABF.

I'm leaving a company that Praised ABF, however we were told REO listings were coming October of 2008 here it is June. No listings. the Broker-manager of this office also recruited over 50 agents to receive REO LISTINGS, that broker left the company, I wish someone could answer a very important questions, Where are all the REO listings?

Well, I am one of the "true believers". I have hung in there with ABF for over six months, and still nothing. Enough is enough. ABF recently posted "press releases" on their website which were pretty explicit in what they have promised to do for those of us who got on board. They have since pulled it down, but I downloaded a copy to my hard drive before they did. If I (We!) don't hear something positive by the middle of June 2009, and we are almost there, I am forwarding it to the California Attorney General along with my completed complaint form. I know that won't make any of us whole, but sometimes justice is all you can hope for.

Baloney - "I Met With Foreclosures" you are just another of the ABF stooges pretending to be impartial. It's the middle of June, and still no word about listings, so this morning I sent in my complaint to the Attorney General. I hope you all go to jail.

Dear Anonymous(I met with America Buys Foreclosures),
Please be sure to let all of us know when you get your monies worth from this company.  We are all waiting with bated breath.  You sound just like they do, could it be because you are ABF?  You tell us about your experience, but won't reveal your identity.  Blah, Blah, Blah.  I have marked your word as you requested and I will be sure to check back for your unverifiable updates.  Just so you know, they (you) have been on the brink for sometime, the brink of what, we are not sure.  Why should we have to "go to their (your) office" for assurances?  What are they (you) hiding that can't be put on the internet, they (you) might want to  think about living in the e-world where most of us are.  They (you) use the internet to recruit people, why won't they (you) use it to tell us what is going on.  My guess is that there are still honest trusting people out there that they (you) haven't gotten money from yet.  Your (you are ABF) attempt to discredit hundreds of posts is pathetic at best.  ABF, you aren't even good at faking a real estate agent.      

With all due respect "twinsmom75", you do not identify yourself either. I am not here to argue with you.  Clearly you are upset for whatever reason about this company.  That's your opinion and I was simply putting MY opinon and experience out there. 
I just received an email from them yesterday:
Dear Agent,
America Buys Foreclosures would like to take this opportunity to introduce Sentinel Property Services!  America Buys Foreclosures has partnered with Sentinel Property Services to provide nationwide property preservation needs for all of our REO properties. 
Sentinel Property Services is a single point service provider with the capacity and expertise to manage properties nationwide. Sentinel Property Services will handle all of the following for our agents:
·        Occupancy issues – Cash for Keys, Eviction
·        Transfer utilities into ABF’s name
·        Re-keying
·        Inspections – health and safety, as well as inspection of systems (plumbing, electrical)
·        Yard clean up and maintenance
·        Trash outs
·        Pool/spa maintenance
·        Winterization, if necessary
·        Installing lock box for contractor entry
Sentinel is currently in the process of inviting prospective vendors/contractors who are interested in providing preservation services to register and become a vendor.
Sentinel seeks qualified and credentialed contractors/vendors who have a working knowledge of the REO industry, or who would like to enter this industry. If you know of any contractors/vendors interested in becoming a preferred vendor with Sentinel please invite them to register their services. 
Please instruct vendor/contractor applicants to go to www.sentinelpropertyservices.com and click on the ‘Contractor Application tab’ located on the left.  Complete all necessary fields, click ‘Submit Your Application’ and then click the link to e-sign the application. All applications must be e-signed or they will not be sent to Sentinel for consideration.  Instructions from Sentinel to complete the sign up process will follow.
America Buys Foreclosures and Sentinel Property Services is looking forward to building a lasting relationship with vendors/contractors who are committed to providing excellent and timely service. 
Sentinel Property Services will benefit our agents in allowing them to focus on marketing and selling properties as well as saving them out of pocket expenses on any listing referred by America Buys Foreclosures.
Regards,
America Buys Foreclosures Team


I have to think that they would not be announcing other companies and partnerships if they are not intending to perform. 
I will post emails I receive from them to keep people updated via this vehilcle if anyone is interested.
 

I've "partnered" with BoA too.  I opened a checking account.
 
I've also "partnered" with others on ABF's list such as Fidelity (opened escrows), and American Home Warranty.
 
AND?????
 
Just go away ABF... you're so full of sh!t.  Quit spamming up these forums.

I am now sure that America Buys Foreclosures is a scam. I was stupid for not looking first at the internet. I thought that they were indorsed by the National Assoc of Realtors since I was approched by them at the national convention. I got very sucipious when they could not get there training systems to work for months. Then the customer service was naught. They were very ugly on the phone and now they will not anwser. Once more a company in theUSA has taken us for a ride. We don't even have to worry about overseas scams as we have our own. That is the facts!