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vendors: Just Say No to Low Ball BPO's - 07/04/11 11:09 AM
This morning I received an offer from Raj at Incubator, Inc to do BPO's for $18.00.  Are you freaking kidding me? I am a professional and I do not work for minimum wage. 
I have watched the fee for BPO's drop like a stone over the last 3-4 years. We were paid $50-100 which was a reasonable fee for our time and information.  I attribute this low ball practice to starving agents that are willing to work for less than minimum wage rather than go out and actually prospect for business. Now our Association's have come up with a BPO Certification Course that costs $125 + … (52 comments)

vendors: Follow Up on REO Master Listing Agreements & More - 08/08/10 12:26 PM
In an earlier post on REO's I heard many replies about the condition of REO's during the listing period. The master agreement between the listing firm and the lender/seller almost always calls for utilities on in the brokers name for inspections through the close of escrow except for HUD properties which are the responsibility of the buyer. The new era of Asset Managers not working for the Government, Fannie, Freddie, UDSA, HUD etc, have been given directives from the lenders to audit the listings.  What is interesting is that these Government owned or backed listings are usually in the worst condition of … (0 comments)

 
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C J Johnson, Broker Owner-REO Manager CRS, ABR, SFR, NCHS, CBRS

Tehachapi, CA

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Directors Realty

Office Phone: (800) 257-3557

Cell Phone: (661) 972-4401

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