asset manager: What is the extra income you're making from BPOs? - 07/13/08 05:08 PM
Dear Agents,
I am making several thousand dollars each month doing BPOs. This in in addition to my full service brokerage work with listings and many active buyers. My list, which I have talked about before, is 173 active asset manager who assign BPOs and REOs. If you're intersted in … (0 comments)
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asset manager: What's going on with Indymac??? - 07/08/08 03:56 PM
If you haven't heard yet then this is some news form Indymac. Yesterday the shut down their wholesale and retail division. This was to my surprise since they basically are the ones I send all my REO boo boos to and they fix. Before yesterday, they would lend on almost anything!! I was concerned and had to … (6 comments)
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asset manager: Bank looking for Asset Mangers - 06/24/08 12:44 AM
I got a phone call today and was asked if I knew any Asset managers in Texas looking for a new company/bank to work for. I am in Orange County,CA and the AM's I know here want to stay here. I was also leaked some info that this bank is going … (2 comments)
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asset manager: New REO listing in Fallbrook... perfect for the car lover! - 06/22/08 12:33 AM
Remember when REO's were guaranteed to be in need of TLC... not todays REO's! Take a look at this brand new property, just listed yesterday... with enclosed RV parking, a 2 car garage and a "4 car" carport among even more storage/parking buildings... this is a dream come true for a … (0 comments)
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asset manager: San Diego REO Listing Broker / Agent ~Whissel Realty ~ www.REOListingBroker.com - 06/16/08 10:22 PM
San Diego REO Listing Broker / Agent ~Whissel Realty ~ www.REOListingBroker.com
Kyle Whissel and the Whissel Realty team recently launched www.REOListingBroker.com. This site was designed to provide Lenders and Asset Managers with information about Whissel Realty, the services they provide, cities & zip codes covered and the top companies they currently provide services for.
If you … (0 comments)
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asset manager: Looking to create a team - 06/13/08 10:57 AM
Do you live in Orange County, CA? Are you an active agent but biz is kinda slow? Are you looking to get into the REO biz but can't due to the overwhelming amount of agents also trying to follow suit? Are you looking to subsidize your income so you can weather … (7 comments)
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asset manager: Got Crack? It Does Affect Value. - 06/08/08 04:07 PM
Three weeks ago I was assigned a foreclosed property in the La Cresta area of Murrieta Ca. by the bank that now owns it and the first thing a bank always asks is the property occupied and if not do a BPO ( Broker Price Opinion) and then a price will be … (17 comments)
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asset manager: Short Sales and Foreclosures - 06/06/08 04:58 PM
I work in Southern California, in the Santa Clarita Valley. a large amount of the supply of available housing in our community are short sales and foreclosures (REO'S). Our office has been involved in numerous short sale and foreclosure (REO) transactions. Short sales are especially difficuult to negotiate to a successful conclusion. If … (0 comments)
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asset manager: BPOs and PCVMurcor -- new information - 06/04/08 04:48 PM
Dear Agents,
I do many BPOs each week in additional to my full time brokerage work. I guess you could call it my part time job, but it sure does pay. One of my favorite vendors is PCVMurcor. As long as you upload only low kilobyte photos with them, so you're not … (0 comments)
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asset manager: BPO/REO grades - 06/01/08 10:24 PM
Did you know you are graded on everything you do with an AM? You are graded on the quality of your BPO, the time it took you to turn it in, the pictures (following specific instruction) and if it is complete.
Your REO listing is graded on all of your tasks … (12 comments)
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asset manager: "How do I get my foot in the door w/ REO's" - 05/27/08 01:32 PM
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How do I get my foot in the door w/ REO's??
I get asked this … (8 comments)
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asset manager: Let's trade - 05/24/08 06:09 PM
I posted about the asset manager for B of A and I got a ton of emails and comments and I sent everyone who asked the info. Then I started thinking "hmmmmm I bet I can better use this info." Only 1 person out of about 45 traded AM info with … (4 comments)
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asset manager: REO company question - 05/07/08 03:35 PM
I have been signed up with goodman dean for awhile and I have yet to see anything. Not a BPO not an REO. Does anyone have any advice on how to persuade them into using me??? I do well with the other asset managers I work for so is it a … (5 comments)
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asset manager: How to Buy a Hemet, CA REO Property - 05/04/08 06:16 PM
About the Author: John Occhi REO REALTOR®, successfully started an REO Team in Hemet, CA that quickly expanded to 3 agents and 2 admin members with over 50 REO properties under his direct control. He was able to keep approximately 20% of his assigned inventory in escrow at any given time … (4 comments)
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asset manager: Get pay more for BPOs...You deserve it! - 05/03/08 07:52 PM
I have done a handful of BPOs and still consider myself new in the BPO industry. About two weeks ago, I received my first order from PCV MURCOR. It was a interior BPO and paid $60. I took it and submitted the BPO before the due date(I want to shine since … (17 comments)
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asset manager: REO – Secure the Property - 03/18/08 11:26 AM
When a REO property is assigned to The REO Team, in Hemet CA and The REO Team has determined that the REO property is vacant it must be immediately secured to prevent unauthorized entry and trespassing by either the former occupant or anyone else who may want to occupy the … (6 comments)
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asset manager: I Don’t Get It? The Bank Forecloses on Their Home and then Pays Them to Move…or Why Cash For Keys - 03/15/08 01:59 PM
I Don’t Get It? The Bank Forecloses on Their Home and then Pays Them to Move…or Why Cash For Keys It should be more than obvious, by the time an REO property is assigned to a local Real Estate Agent, that the bank wants’ the property back so they can … (12 comments)
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asset manager: OK, I have an REO Listing…Now What; Or What is an Occupancy Check? - 03/15/08 02:05 AM
OK, I have an REO Listing…Now What; Or What is an Occupancy Check? I can remember the thrill I get every time I receive a text message on my cell phone that I have been assigned a new REO listing. It really is exciting, and yet unlike any other listing … (10 comments)
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asset manager: REO - Start With a Simple BPO and the Basic Tools of the Trade - 03/14/08 10:13 PM
REO - Start With a Simple BPO and the Basic Tools of the Trade
This series of articles is based on my personal experience as a Hemet REALTOR® who now specializes in listing and selling REO property for banks and Asset Managers throughout South West Riverside County and The Pass … (14 comments)
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asset manager: How to get broker price opinion (BPO's)??? - 03/04/08 12:44 AM
Below are some websites that agents can register with do start getting BPO requests. Lets make this a place to share companies that do BPO's.
www.calreo.com Cal REO--Asset Manager
www.lendersreo.com Lender Asset Management Company--Asset Manager
www.clearcapital.com Clear Capital--Valuation Service Company
www.bposonline.com BPO's Online--Valuation Service Company
www.nationsvs.com Nations Valuation Service Company
If you know, please state if … (9 comments)
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asset manager: REO MANAGERS, ASSET MANAGERS, REOS INVESTORS AND REAL ESTATE AGENTS, TROUBLED HOMEOWNERS - 01/23/08 10:53 PM
THIS BLOG IS DEDICATED TO HELPING AMERICA
THE REAL ESTATE MARKET AND THE AMERICAN HOMEOWNER HAS BEEN HIT HARD.
I AM HOPING THAT TOGETHER AS AN ONLINE COMMUNITY WE CAN HELP AMERICANS KEEP THEIR HOMES
THE REAL ESTATE MARKET HAS CHANGED - TOGETHER WE CAN FIX THIS PROBLEM
WE ALL KNOW INVESTORS AND HOMEOWNERS THAT NEED OUR … (9 comments)
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asset manager: Foreclosure Training: Avoid the Scams - 12/27/07 05:39 PM
Avoiding the ScamsBy: Dan Waterman, InstructorNFSTI
Foreclosure Training: Avoiding the Scams
On a weekly basis I get to live out my dream job. I go into training facilities around the nation within real estate brokerage firms and teach classes on marketing, technology, and the processes of foreclosure real estate. Typically I begin the … (0 comments)
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asset manager: Sen. Clinton Requests Moratorium - 12/27/07 02:00 PM
Early this week Sen. Hilary Clinton announced her stance on the national foreclosure epidemic. With the elections coming up soon it is only a matter of time before all candidates offer their opinion on what the country should do about the hurricane known as REO. Sen. Clinton’s opinion is a … (2 comments)
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asset manager: Top Foreclosure Cities in the United States: Q3 2007 - 12/27/07 02:00 PM
RealtyTrac released the Top 25 Cities for Foreclosure after third quarter 2007 recently. Here are some of the results (#1 being the worst city for foreclosure and so forth):
Stockton, CADetroit, MILas Vegas, NVRiverside/San Bernardino, CASacramento, CADenver/Aurora, COMiami, FLBakersfield, CAMemphis, TNCleveland, OH Other area included in the report were: Atlanta (GA), Phoenix … (1 comments)
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asset manager: Foreclosure Profit by the Numbers: RealtyTrac - 12/27/07 01:59 PM
One of the leading resources for foreclosure data is RealtyTrac (www.RealtyTrac.com). As we’ve mentioned in previous blogs, statistics are better than any crystal ball. In this article we’ll take a good look at the current national foreclosure and related statistics and see what we come up with.
First of all, … (3 comments)
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asset manager: Colorado Statistics are Clear in Foreclosure Boom - 12/27/07 01:58 PM
There was one state that stood out among the rest back in the early 2000’s regarding a plummeting real estate market - Colorado. You’d think that a vacation hot-spot and booming metropolis like Colorado would be safe from the foreclosure boom, or at least in the same boat as the … (0 comments)
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asset manager: A Cleveland Foreclosure Miracle - 12/27/07 01:58 PM
Darlene Stutzman, a young wife and mother from suburban Parma, OH and her husband, Michael, got in trouble when he got sick and had to take an unpaid leave from work. She found out about ESOP (East Side Organizing Project) when she called Cleveland’s 211 government resources line. Michael, who … (0 comments)
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asset manager: If at all possible Turn on the Heat! - 12/09/07 12:09 PM
Today its about 25F in my part of New York, I used to love this weather and would have usually been sking 3x by now. What beer and a few shots would do. Now I think I'm just too damn old. I primarly list but once in a while I'll show … (5 comments)
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asset manager: BPOs-- What I have learned - 11/25/07 01:32 AM
I have learned a lot doing BPOs for both the bank that allows me to sell their properties as well as third party concerns (BPO for a Fee). These all are mistakes that I have made-- which gratefully, my asset manager has allowed me to fix or correct-- without penalty. I am … (4 comments)
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asset manager: My REO Start - 11/20/07 12:27 AM
I joined REOTrans a little over a year ago--- originally, I had about 50 zipcodes and was running a monthly bill of about $70. After about 8 months of getting nothing except page views-- I cut my zipcodes to about 10. Then I decided to let my credit card expire-- and … (25 comments)
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asset manager: REO DISPOSITION, TOP REALTOR and AUCTIONEER in BALTIMORE, HARFORD COUNTY MARYLAND - 10/26/07 08:18 AM
REO Disposition, Using Robert B. McArtor and Advantage Real Estate AuctionsIn the past few years, lenders and investors in Maryland have faced increases in REO Disposition and distressed properties that are headed for foreclosure.How do you handle a foreclosed property? Traditional list pricing has been themore standard approach. The problem with … (0 comments)
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asset manager: Pushing Appraisals & BPO's - 10/13/07 12:17 PM
Guys, I work both sides of the fence here. The asset manager side where I hire agents for BPO's / listings and the agent side where my firm conducts the BPO's and takes listings.
When on the agent side, I really want to make the BPO factory happy. Our staff will address … (4 comments)
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asset manager: REO monthly updates...ugghhh - 06/25/07 04:47 PM
Anyone who has listed an REO knows that monthly updates are a necessary evil you must do to inform the seller of market conditions. This is all well and good when you have a few listings. However, when you have 17 Active REO listings and about 15 in the pipeline just … (6 comments)
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asset manager: Do I Need a License to Practice REO Real Estate? - 06/21/07 10:34 AM
Recently I received a phone call from a friend who happens to be an Asset Manager. The call started off by suggesting a new topic to be shared with our clients. "I have a good one for ya. tell your clients that before getting an REO listing, make sure they have … (0 comments)
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