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bpo: Foreclosure prevention programs ineffective??? - 01/18/09 06:58 PM
According to RealtyTrac "
Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today.

The steep annual increase came despite a quarterly decrease in the fourth quarter after nine consecutive quarterly increases. And the fourth quarter decrease came despite a surge in foreclosure activity in December. The conflicting trends come largely as a result of artificial pressures on the foreclosure market, according to RealtyTrac CEO James J. Saccacio.
 "Clearly the foreclosure prevention programs implemented to-date have not had … (0 comments)

bpo: Another great NFSTI (National Foreclosure Sales Training Institute) class!!! - 01/18/09 06:07 PM
I just attended my second REO / BPO training class from NFSTI (National Foreclosure Sales Training Institute) and it was awesome!!!! I picked up even more tips and tricks to pick up more business and to better service my clients. It also got me motivated to get to work even harder to prospect for more business and to better secure my relationships with my current clients.
I also found out that Lowell Caro Jr. and myself may have an opportunity to join NFSTI as instructors!!! I'm stoked about the opportunity to travel and teach and share my experiences and knowledge with … (2 comments)

bpo: Getting into the REO game!!! How do you do it???? - 11/19/08 02:02 AM
One of the most common things that I hear nowadays front agents looking to get into REO or BPO is "I've signed up with an REO or BPO company after company and I've yet to receive any orders from anybody!". Most of the emails that I get are somewhere along that line. I like to equate the problem to sports. You do enough to make the team (signing up for the company), and now you're on the team, but you're RIDING THE BENCH!!! So now you want to know "Hey coach what do I have to do to get into the game?"(actually get … (1 comments)

bpo: Tales of a Las Vegas REO agent Part 3!!!! - 08/31/08 05:57 PM
Ok, new update to the Las Vegas REO tale. Since part 2 we've closed the two that were in escrow and have 3 more in escrow. I've picked up another big client that's I've been looking to work with for awhile now (Servicing 3 REO clients now)!! It's been a huge learning curve, but now I've got a handle on whole thing. I've formed a corporation and I've hired a full time assistant to help with the administrative portion of the business. The administrative side is HUGE in REO and any one person that has any kind of significant numbers of … (10 comments)

bpo: BPO/REO Sites that you have to pay to belong to?? - 03/07/08 01:50 AM
I wanted to get a good feel for everyones experiences with BPO and REO sites that require you to pay up to join the site and what your experiences have been with those sites. In my view any BPO site that you have to pay for should kick out listings to the members.

Please add your experieces with any of the pay for companies.
Check out Tales of a Las Vegas REO agent.
 Bryan Knight REO specialist in Las Vegas, NV 702-845-8435
Follow me at www.twitter.com/KnightREO

… (165 comments)

bpo: The Potential of BPO's$$$$$$$ - 02/12/08 11:59 PM
Hello all.....Me and my friend and partner went an "Into to REO" class today. Now neither of us were brand new to this REO business, we went mainly because it was taught by the top REO agent in Las Vegas and we wanted to hear him speak. As a matter of fact, we were the only two agents in the room that had any kind of REO listing or BPO experience. The class was so good information that was more geared toward educating the agents that were putting in offers on his 500+ listing, about how the whole REO world worked … (32 comments)

bpo: Do you want a deal....or the right house at at the right price???? - 12/22/07 11:20 PM
With the not so sudden downturn in the real estate market, I've found more and more that when I sit down with prospective home buyers that more and more of them start talking about how they want a great deal. I then must ask the question, "Do you want a great deal, or the right home and the right price?". There is a distinct difference between the two. I can show buyers great deals all day long, but the chances that that great deal is going to fit into their criteria (location, sq footage, layout, number of beds and baths, 1 … (1 comments)

bpo: Having Standards for your Short Sale Business - 12/22/07 07:13 PM
Myself and one of my two partners are highly focused on the short sale market here in Las Vegas. The other is working REO's full time. We started out by going to a lot of different classes, some free and some for pay, that educated us on the proper way to work short sales. Through a lot of trail and error, we've come to establish some simple yet effective standards for our short sale business.
1. We only take short sales that need to be negotiated with one lien holder. Not to say that the there can't be two loans, but we'll only … (6 comments)

bpo: Mortgage Forgiveness Act Signed into Law - 12/21/07 10:19 PM
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bpo: Short Sales in Las Vegas - 10/22/07 11:12 PM
The recent increase in the number of short sale listings in the MLS (Multiple Listing Service) for the Greater Las Vegas has been more than interesting to say the least!!!! On August 31st of 2006 the number of active short sale listings on the MLS was a mighty 366. As of September 16th 2007, just a little more than a year later, that number has swelled to 3115!!!! That's more than an 850% increase in one year! More and more real estate agents are taking on these short sale listings, however not every real estate agent is knowledgeable of the very … (5 comments)

 
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Bryan Knight

Las Vegas, NV

More about me…

Keller Williams Realty Las Vegas

Address: 3100 S. Durango Dr., Suite 106, Las Vegas, NV, 89117

Office Phone: (702) 212-2287

Cell Phone: (702) 845-8435

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Blog on both local (Las Vegas) and national real estate news and trends. Concentrated in REO.


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