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After receiving an exterior BPO assignment from an outsourcer, Jack completed his due diligence on the property. Jack drove to the property , upon his arrival, he documented that the property was a 2,500 square foot ranch (one level), new built construction, semi-custom house, beautiful exterior brick/stone work, situated on an acre, it had a hugh deck on the back of the house providing views from Pikes Peak to Longs Peak, (approximately 150 miles of mountain views). The house exterior (2 comments)
Looks like there's more to come - 09/22/11 07:15 PM
Found this to be amazing. Your ideas? Tuesday, September 20th, 2011, 10:39 am Roughly 10.4 million mortgages, or one in five outstanding home loans in the U.S., will likely default if Congress refuses to implement new policy changes to prevent and sell more foreclosures, according to analyst Laurie Goodman from Amherst Securities Group. At the end of the second quarter, more than 2.7 million long-delinquent loans, others in foreclosure and REO properties sat in the shadow inventory, more than double what it was in the first quarter of 2010 (Click to expand the chart below). With the market (3 comments)
REOCertified(R) & Short Sales Simplified(R). Courses to be Conducted at PAR in Phoenix - 09/18/11 06:58 PM
Phoenix Association of REALTORS presents: "BPO & REO SIMPLIFIED" 7 CE hour course on 09-28 at 9:00 AM, & "SHORT SALES SIMPLIFIED" 7 CE hour course on 09-29 at 9:00 AM, location-PAR, Phoenix Association REALTORS. Phoenix Association of REALTORS in partnership with the REO Institute are conducting the Income=BPO Simplified & Income=REO Simplified, 7 Continuing Education hours. After completing both courses, the attendee will receive the NATIONAL "REOCertified(R)" designation. COST: $129.00, date, Sept. 28 2011, location/Phoenix Association of REALTORS. The "Short Sales Simplified" 7 Continuing Education hours course will be conducted on Sept. 29 2011 at the same location. COST: $105.00, after completing the course, the attendee will be awarded (0 comments)
REOCertified(R) & Short Sales Simplified(R). Courses to be Conducted in Denver, CO - 09/18/11 12:53 PM
Unified Association presents: "BPO & REO SIMPLIFIED" 7 CE hour course on 10-11, & "SHORT SALES SIMPLIFIED" 7 CE hour course on 10-18, location-Denver Board REALTORS. Unified Association in partnership with the REO Institute are conducting the Income=BPO Simplified & Income=REO Simplified, 7 Continuing Education hours. After completing both courses, the attendee will receive the NATIONAL "REOCertified(R)" designation. COST: $89.00, date, Oct. 11 2011, location/former Denver Board of REALTORS. The "Short Sales Simplified" 7 Continuing Education hours course will be conducted on Oct. 18th 2011 at the same location. COST: $89.00, after completing the course, the attendee will be awarded the (0 comments)
BPO (Broker Price Opinion) & REO (Real Estate Owned) Simplified Book "How to Work With Asset Managers!" - 09/12/11 04:25 PM
Book Excerpt from: BPO & REO Simplified, "How to Work With Asset Managers!" What is a BPO? BPO=Broker Price Opinion This is also known as an automated valuation model or detailed market analysis. This is a method used to estimate the probable selling price of a real estate asset. The estimate of price is submitted via computer (AVM) in a BPO report (2-4 pages). This report includes local and regional market conditions, neighborhood analysis, subject property condition, repairs needed, as well as list/sold comparable properties that compare to the subject/asset being priced. This method of estimating a price for the asset has similarities to a Comparable (0 comments)
What is "Short Sales Certified(R)"? By the REO Institute of Colorado - 09/10/11 12:56 PM
What is “Short Sales Certified(R)?” The Short Sales Certification is a designation given to real estate professionals who have completed course work related to the Short Sales process. This course work provides a thorough understanding of the complex procedures, timelines, guidelines, and tasks the Banks, Lenders, and Outsourcers, demand in the today’s short sales or distressed market. Through comprehensive training and the knowledge obtained attending the (Short Sales Simplified) REO Institute course, “SSCertified” professionals are able to provide solutions for Sellers, Buyers, Banks, Lenders, and Outsourcers on Short Sales properties/assets. “Short Sale Certified!”
Topics covered include:
The short sale (0 comments)
Infinity Publishing presents, BPO & REO Simplified, “How to Work With Asset Managers” - 09/06/11 07:19 PM
Infinity Publishing presents, BPO & REO Simplified, “How to Work With Asset Managers” This book provides a thorough understanding of the complex procedures, guidelines, timeframes, and tasks the Outsourcers, Banks and Lenders demand in today’s REO (Real Estate Owned), or Bank Owned Distressed Market. Through comprehensive training and the knowledge obtained reading the BPO & REO Simplified book, real estate professionals are able to provide solutions for the Outsourcers, Banks and Lenders on foreclosed and bank owned properties/assets. Buyer Brokers - even if you never want to do BPO/REO's, this book will let you be better prepared to work with (0 comments)
Housing Market a Bit Sci Fi? - 09/06/11 06:19 PM
Just read this. (see below) Wow, the market has changed! What are you doing to change the way yu do business? Fannie, Freddie refi market set to enter housing Twilight Zone. U.S. residential mortgage lending volume will struggle to reach the mid-$800 billion range in 2012, according to market research, as the recent boom in refinancings dries up at Fannie Mae and Freddie Mac. Furthermore, the report from iEmergent, paints a picture of a housing market floating in its own Twilight Zone — a reality where "the distribution and location of local lending opportunities will continue to re-shape and reset the long-term (0 comments)
Short Sales Rising - 09/01/11 05:50 PM
I'm always surprised that knowing BPOs, REOs and Short Sales is more important than ever. This story confirms.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.