WHAT HAPPENS TO YOUR CALL WHEN IT GETS "OUTSOURCED"? - 07/16/08 02:59 AM
 
HI ALL,
READ THE CAPTION BELOW THIS PHOTO
 

THIS IS INDIA, WHERE YOUR CALL GOES WHEN YOU NEED HELP WITH YOUR COMPUTER.
 
… (3 comments)

Appraisal VS. BPO - 07/12/08 07:32 PM
Pricing of REO properties is critical if the bank is seriously trying to get it sold in 30 days. This statement may seem obvious to those of us in the business but it's not as easy as one might think. When a Lender assigns a property, one of the first tasks to perform is a  Broker Price Opinion or BPO. This requires pulling comps in the area of both listed and sold properties and coming up with an opinion of value. This is a full BPO with interior and exterior photos. The agents need to take into account any repairs the property may need and … (16 comments)

What is an REO finder? and other thoughts. - 07/04/08 01:17 AM
A finder is an outsource company for a lender. Some of the larger lenders use finders to manage their REO assets. In my experience I have received listings in two ways. Either I'm engaged by the lender or I'm engaged by a finder. The finder is an independent asset management company that the lender outsources properties to. The reason they do this, is that right now some of their asset managers have 400 properties in their portfolios. They simply can't handle the workload so they "farm out" some of the business. If you are an approved agent with one of these … (1 comments)

 
Rudy

Rudy Detgen, Moorpark, Simi Valley, Realtor® , Real Estate Agent, Homes,REO

Moorpark, CA

More about me…

Troop Real Estate Inc.

Address: 3200 E Los Angeles Ave #12, Simi Valley, CA, 93065

Office Phone: (805) 581-3200

Cell Phone: (805) 217-6706

Email Me



Links

Archives

RSS 2.0 Feed for this blog