bpo: Hard To Belive But, True. Must Read Realtor Coaching Student Info. - 09/06/08 10:04 PM
9% Of All Homeowners BEHIND In Payments…..A National Record!
Realtor coaching clients be ready for what you are about to read…this is actually a historical event. 9% of all homeowners are behind in a mortgage payment.
Understand that there never has been a time…and probably never will be another time when … (2 comments)
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bpo: Agents you can make money from a Brokers Price Opinion (BPO) - 09/06/08 10:30 AM
Have you ever heard of a Brokers Price Opinion? If not, you probably will. As the real estate slump deepens, many agents need to supplement their income. For this reason, agents are turning to performing Brokers Price Opinions, or BPO’s.
A BPO is performed to determine the value of a … (7 comments)
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bpo: Central Illinois Broker Price Opinion Provider - 09/06/08 09:09 AM
Central Illinois Broker Price Opinion Provider
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bpo: Central Illinois Broker Price Opinion - 09/06/08 09:06 AM
Central Illinois Broker Price Opinion Provider
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bpo: BPO! Update - Inching ahead. - 09/04/08 11:41 PM
For those of you who are trying to do BPO's, whether full time or part time, here are some interesting stats and thoughts from what I've learned so far. First, after submitting an application it takes a BPO company several days to 10 days to respond, a time period that is … (6 comments)
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bpo: Realtor Coaching Student video testimonial...Thanks John! - 09/03/08 11:10 PM
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bpo: Greetings from Phoenix Arizona REO Specialist! - 09/03/08 02:48 PM
I am glad to be joining this group of exclusive members in our respective communities. I feel that being that we are exclusive to our community will allow us to share openly and without fear that our resources are being given away.
The market in Phoenix is all about REO's there … (3 comments)
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bpo: REO Properties - 09/02/08 02:03 AM
I deal a lot with properties in foreclosure, however I have never represented the seller. Recently I was dealing with a property where the listing agent did nothing (NOTHING) (NOTHING!!!!) but put the property on the market. Everything else, including paying several bills, was done by myself and the attorney's paralegalist, … (2 comments)
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bpo: What is a BPO?: Strongsville Real Estate - 08/31/08 07:20 PM
Posted by: CJ Harrington
Date: 08/31/08
BPO stands for Broker Price Opinion. For many agents this is a completely new and foreign term. Honestly, many brokers, agents, appraisers or members of the general public know about.
Technically speaking, a Broker Price Opinion report is an opinion of value that is conducted … (0 comments)
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bpo: Tales of a Las Vegas REO agent Part 3!!!! - 08/31/08 05:57 PM
Ok, new update to the 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 … (1 comments)
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bpo: Baldwin Park, Orlando Florida Short Sale, Fox St. $575,000 - 08/30/08 03:54 PM
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bpo: North Shore, Kissimmee Fl. Short Sale - 08/30/08 03:52 PM
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bpo: MetroWest, Orlando FL. short sale condo, views of Turkey Lake - 08/30/08 03:51 PM
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bpo: Ocoee Florida Townhome Short Sale, Pre-Foreclose - 08/30/08 03:49 PM
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bpo: Waterford Chase Short Sale, East Orlando - 08/30/08 03:47 PM
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bpo: Avalon Park Townhome short Sale , East Orlando - 08/30/08 03:45 PM
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bpo: Conway Acres, Orlando Short Sale home for sale - 08/30/08 03:42 PM
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bpo: Choosing the Right Short Sale Specialist to sell your Orlando Home is Important - 08/30/08 03:31 PM
Too many agents are afraid to take on short sales, as they should be. They've heard that these short sales in Orlando are too complicated, the lenders are uncooperative (and sometimes hostile), or the property gets foreclosed on before they find a buyer. Any of these can happen, but mostly to … (0 comments)
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bpo: Baldwin Park Short Sale, Orlando $575,000 - 08/30/08 03:08 PM
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bpo: Kissimmee Short Sale Property over 4000 sq.ft. $425,000 - 08/30/08 03:07 PM
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bpo: BPO, anyone? - 08/29/08 11:17 PM
Within a couple days of signing up for multiple BPO companies online, I have already received two BPO orders. The first, which I didn't accept in time, was given to another agent in my area. The second, I received today and just so happened to be online when I received the … (7 comments)
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bpo: Best REO and BPO Providers - 08/29/08 04:16 PM
I've been asking around all over and have been getting feedback on which asset management companies give out the best work orders for both REO listings and broker price opinions. A former colleague of mine recently stated that IAS is wonderful for REO listings but offer a measley $45 for exterior … (3 comments)
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bpo: THE MOST IMPORTANT LINK IN THE “REO CRISIS” - 08/28/08 08:42 PM
I am a firm believer of this statement and it’s important that you really take it in. THE MOST IMPORTANT LINK IN THE “REO CRISIS” IS THE REAL ESTATE AGENT! PERIOD. Without the foot soldiers (you and I) the Bank Repo’s would sit, rot, and get vandalized. The agents … (9 comments)
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bpo: How to get started doing BPOs - 08/28/08 01:56 PM
After my last blog about filling out bpo forms I got a lot of questions about how to get started. So let me back track and give you advice that I have from my own personal experience.
Getting started doing BPOs is actually very easy. There is A LOT of work … (5 comments)
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bpo: BPO! Update-Stats, Welcomed by a BPO Company - 08/27/08 10:07 PM
Success. I got a response from a BPO company who sent me an e-mail that my application was approved and they set up my account on Tuesday and I now have an account. After logging in I updated and confirmed all segments to my profile and how I will get paid, along … (2 comments)
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bpo: The SAD, SAD state of the Real Estate Market - 08/27/08 12:40 PM
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bpo: Thanks Mayo...We Always Appreciate Being Appreciated! - 08/27/08 12:05 PM
Mayo A Best…You Are The Best!
Dear HREU,
I want to thank Harris Real Estate University for coming to my rescue… just before I was forced to leave the business.
I live in Washington DC where you must be very determined to stay afloat in this market. I was blessed to … (0 comments)
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bpo: Short Sales. The Good, The Bad, and The Ugly - 08/26/08 11:58 PM
Let me first apologize, as this is my first time writing a real blog, and I am quite sure it will show. I am not a lawyer, nor a CPA and recommend you speak with both if you are considering any and all options that I am about to outline. I … (0 comments)
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bpo: Zaio Updated Information - 08/26/08 05:52 PM
So here is the information that I got from an extensive conversation with John in the Sales Department and John Ross, Managing Director out of Chicago.
Basically, buy in to this business is breaking into the AVM/BPO market. There are 17,000-18,000 zones sold although not sure how many are actually "live" … (0 comments)
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bpo: USRES...or Useless? - 08/26/08 12:58 PM
To BPO or not to BPO? That is the question.
O.K...so I understand the difference between USRES (BPO's) and Res.net (REO). I have done some BPO work for USRES with the promise of future REO listings from Res.net. I also know about the $250 fee to join Res.net.
My question is … (3 comments)
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bpo: Sympathy foreclosures on the rise - 08/25/08 06:41 PM
As we continue the lowering of prices in the Metro Phoenix area I am noticing more and more the rising of what I call sympathy foreclosures. These are people who are not in financial trouble per se, they have not lost their jobs and have not had a medical emergency drain … (6 comments)
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bpo: Baldwin Park, Orlando Fl. short sale property for sale $575,000 - 08/23/08 05:21 PM
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bpo: MetroWest area, Orlando home for sale $269,900 - 08/23/08 05:19 PM
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bpo: Avalon Park Short Sale Townhome $189,900 - 08/23/08 05:15 PM
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bpo: Kissimmee Fl. Luxury Home for sale on a Short Sale $425,000 - 08/23/08 05:11 PM
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bpo: Metrowest Condo Short Sale overlooking Turkey Lake $169,900 - 08/23/08 05:07 PM
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bpo: Apopka Fl. Short Sale home for sale - 08/23/08 05:05 PM
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bpo: Waterford Chase, East Orlando short sale Pool Home $250,000 - 08/23/08 05:04 PM
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bpo: Northlake Park at Lake Nona Short Sale $259,900 - 08/23/08 05:02 PM
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bpo: Ocoee Florida townhome short sale $175,000 - 08/23/08 05:00 PM
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bpo: Orlando Short sale conway acres $125,000 - 08/23/08 04:58 PM
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bpo: Short Sale Process Blog #2- Factors, Process and BPO - 08/23/08 09:02 AM
The package:
Send the package to the loss mitigator by either FED X or Certified mail so that it is trackable.
Call them at least 2 days after sending to confirm receipt.
Have all of your information organized. You want to have a GREAT first impression with the loss mitigator because … (0 comments)
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bpo: BPO LIST | BPO LIST EVERY REALTOR NEEDS - 08/22/08 06:28 PM
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bpo: BPO Question. - 08/22/08 04:25 PM
For you guys doing BPO's who are sales associates, do you have to split with your broker? As I sign up with the BPO companies, the registration asks those questions: E & O Insurance info, faxing a copy of the license, who do they make the check payable to. Not having … (4 comments)
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bpo: BPO! Headed Down That Road! - 08/22/08 06:59 AM
Well, Rainers and Rainees, I've started down that road. I've worked thru 9 BPO companies and registered and/or signed up. Two have contacted me back saying they will keep my info on file and if and when they have a need in my selected areas they will contact me. I plan … (7 comments)
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bpo: When do you find time to blog and twitter and eat? - 08/21/08 11:14 PM
I love to write and I love real estate so it doesn't get much better than Active Rain for me! I guess I should mention that this is Heather writing this post. Actually it's pretty much all me doing the writing, but Pete gives content suggestion which you can normally tell is … (0 comments)
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bpo: Harris Real Estate University video....(watch all 60+ videos on www.HREU.tv) - 08/21/08 09:54 PM
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bpo: Fannie and Freddie GO Boom..RATES SKYROCKET! (Realtors: MUST KNOW INFO) - 08/21/08 02:34 PM
Interest rates are INCREASING for the best borrowers….
Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years. More than 70 percent of new home loans are bought or guaranteed by the government-chartered companies, known as “prime” mortgages.
Higher rates for the safest … (1 comments)
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bpo: Perfect example why the Bank Owned values are way off (high and low)! - 08/21/08 06:44 AM
This was posted this morning on a large national investor and agent web site.
"I'm going to middleton Real Estate academy in September. I heard that doing BPO's pays between 75 and 100 dollars per home. What do I have to do to start doing BPO's do I need a real … (0 comments)
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bpo: Establishing Value in Todays Market or How Much is My Home Worth? - 08/19/08 08:16 PM
Establishing Value in Todays Market or How Much is My Home Worth?
Today's post is a culmination of questions, quips, and ponderings during the year and from previous years reflecting my time in the real estate and mortgage industry. It is also a post of recent client call, which provides a great … (0 comments)
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bpo: How to Price a house like an Appraiser - 08/19/08 02:48 PM
Most real estate agents are not good at accurately pricing a property. This blog is designed to remind today's realtors and real estate agents how to price a property. When you sat through all those classes to get your license you learned, how to value a property. You were even tested … (13 comments)
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bpo: How To Get More REO Listings - 08/16/08 01:34 PM
Get more Reo Listings
The most frequently asked questions among all agents today “How do I get REO Listings”. There are a few ways you can do this and results will depend on the agent’s tenacity and determination to really become a force in REO’s.
The first thing you need to … (4 comments)
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bpo: 5 Fatal Mistakes of New REO Agents - 08/15/08 10:57 PM
5 fatal mistakes from new Reo Agents
The biggest mistakes are actually pretty common among new comers and even among the experienced. Read these and start implementing these right away. I learned the hard way over these years and so have many others. You don’t have to make the same … (21 comments)
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bpo: BPO Tips For The Short Sale Agent - 08/15/08 10:48 AM
I read a blog post yesterday about short sales being ruined by other agents BPO. The blog post was written by Garry Ricco and I encourage you to read it here Controlling the BPO??? .
It really got me thinking about the frustration that short sale agents feel in regards … (5 comments)
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bpo: FROM 100 TO 51 IN PHOENIX IN A WEEK! - 08/14/08 03:32 PM
Thanks to all your advice and assistance I have found myself making this jump from number 100 in Phoenix to numbe 51 in about a week. It has been through the many questions answered and advice given that I have been able to navigate AR and now find myself reaching to … (0 comments)
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bpo: How to know if you need a transaction coordinator! - 08/14/08 10:50 AM
Yesterday was the straw that broke the camels back.
It was me, my husband Pete (Broker), our 2 children, a buyers agent and 3 cell phones going crazy.
The Buyers agent was working with buyers, I was imputting BPO's, Pete was pulling comps and uploading listings into the MLS and the kids were … (4 comments)
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bpo: REO revisited - 08/13/08 01:46 PM
Not long ago I wrote asking how I might get into REO's. You know 'money in the bank' listings. I received a few comments and suggestions. A couple of days afterwards I get a call from a national lender looking for 'Wayne'. No Wayne here, never has been sorry. Well then any … (2 comments)
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bpo: Get some BPO's - 08/12/08 10:33 PM
I know that Evalsolutions was giving out a ton of BPO orders here in Las Vegas, NV last week. Get signed up and call for some orders.
This could be a great way to get your foot in the door.
I am not sure about other areas. Anybody notice a influx … (16 comments)
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bpo: BPO lists of asset managers - 08/12/08 10:17 AM
Be careful out there. We seem to have a bunch of Active Rain people selling the same list for $99. It is not a list to the asset manager. It is to the same old list of companies that work with asset managers. This isn't helpful at all. It is just … (3 comments)
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bpo: How to get started doing BPO's - 08/11/08 02:34 AM
I recently found this website and found it very informative. If you like what you see, you can sign up for free and obtain additional information. The site does offer some BPO starter kits that are fantastic if you wish to get started doing BPO's and it shows you how to increase … (0 comments)
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bpo: HELP WANTED: Realtors To List REOs NOW...1000s of homes need sold. - 08/10/08 08:04 PM
Important Message: Agent REO Secrets Teleconference. From: Tim and Julie Harris. Harris Real Estate University. Hello, As you may recall we opened the doors for Agent REO Secrets coaching program a couple weeks ago. We allowed 100 agents to enroll during that teleconference. Those 100 spots were grabbed almost instantly. Unfortunately, … (0 comments)
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bpo: Playin' in the Rain - 08/09/08 11:36 PM
Just over 2 months ago I attended a seminar here in Oklahoma City by Michael Tritthart (thank you, Michael). As a result of that seminar I joined AR and now guess what? I'm a FEATURED MEMBER! I am truly honored.
I have "met" some really great people on here and have … (4 comments)
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bpo: 5 Ways To Impress Your Asset Manager - 08/08/08 11:57 PM
5 Ways To Impress Your Asset Manager
1. Turnaround Time Complete your BPO orders as fast as possible.
Your first 10 -15 orders should be problem free and done as quickly as possible. You are often given 24- 36 hrs to complete an exterior bpo order. You should try to … (11 comments)
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bpo: Is it worth risking our lives to do a $50 BPO? - 08/08/08 07:26 PM
I have had one really bad experience with an irate homeowners chasing me down the street when I am doing a drvie-by BPO. I also know that a lot of agents have scary moments from reading other blogs in AR. I mean, is it really worth risking our lives just to … (10 comments)
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bpo: How to get REO Listings - 08/08/08 12:53 AM
How do you get in the Reo Market?
This is most frequently asked question amongst new comers and even agents who have been in the industry for years. Although Bank owned properties are nothing new, what is different in today’s market is the sheer amount of REO properties on the … (27 comments)
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bpo: Does anybody need some Asset Managers to get more REO Listings? - 08/07/08 08:03 PM
ADVANCED COLLATERAL SOLUTIONS www.acslinks.com 877-227-1600
CLEAR CAPITAL www.clearcapital.com 530-550-2500
INTEGRATED ASSET SERVICES (IAS REO) www.iasreo.com 303-770-1976
MD WEBB & ASSOCIATES www.mdwebbinc.com 949-474-0599
REO.COM www.reo.com
TITANIUM SOLUTIONS www.titaniuminc.com 800-500-1733
Here are just a few asset managers that you can go to and look for REO Listings. Now some agents tell me … (8 comments)
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bpo: California Foreclosure Law Passed. SB 1137. HREU Realtor Coaching Students Must Read. - 08/07/08 02:55 PM
As a result of the subprime loan market collapse, numerous bills were introduced this year in the California Legislature, including the recently enacted SB 1137. Within this highly charged political environment, the California Land Title Association (CLTA), along with trustees, escrow companies, and lender groups originally opposed this legislation, which subsequently … (0 comments)
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bpo: What is a BPO? As it relates to a short sale in Orlando - 08/06/08 09:54 PM
BPO stands for Broker's Price Opinion. The term Broker's Price Opinion (BPO) is a method that a Real Estate Broker (or an agent acting on behalf of their employing broker) uses to estimate the value of a Real Estate property/house. The estimate of value is submitted in a BPO report (2-3 … (0 comments)
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bpo: What are shortsales? Short Sale in Westchester , Short Sale Bronx, - 08/06/08 05:35 PM
A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property directly from the lender for a discount. For example: A homeowner, who is facing foreclosure, has an existing first … (0 comments)
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bpo: What are shortsales? Short Sale in Westchester , Short Sale Bronx, - 08/06/08 05:34 PM
A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property directly from the lender for a discount. For example: A homeowner, who is facing foreclosure, has an existing … (0 comments)
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bpo: What are shortsales? Short Sale in Westchester , Short Sale Bronx, - 08/06/08 05:32 PM
A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property directly from the lender for a discount. For example: A homeowner, who is facing foreclosure, has an existing first … (1 comments)
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bpo: That BPO could've ruined everything - 08/06/08 05:09 PM
working on a short sale with a 1st and a 2nd..
i got a call from an agent who was doing a BPO on the property for the 2nd. what caught my eye was the phone number on my cell phone... area code, not from our part of the state. i figured, 'well … (10 comments)
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bpo: 22 REO Listins in 60 days! - 08/05/08 09:58 PM
Ok I did it... I helped my first real estate agent go from having absolutley 0 listings to having 22 Reo Listings in just 60 days! I left a company that had over 600 Reo listings between two markets. I am using similar principals and looking to help others out. I … (21 comments)
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bpo: Realtors, HREU Realtor Coaching Students...Will You Be In The Business Next Year? - 08/04/08 06:32 PM
Over the last few days I have received many emails regarding recent blog posts. Many agents (and their brokers) expressed concern (and in a few cases anger) over what they saw as our “pessimistic view” on the real estate markets. In their minds the real estate markets will soon somehow ‘bounce … (2 comments)
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bpo: Realtors, Are YOU The Problem? - 08/04/08 06:27 PM
Did you read last week what Alan Greenspan said about the real estate markets?
“………. that falling home prices in America are nowhere near the bottom”
This won’t be a surprise to HREU Realtor Coaching Students.
But for all the future HREU Realtor Coaching Students…did you know that single largest … (2 comments)
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bpo: Come check out my BPO and REO Forum today, at my website: www.nicoleocean.com - 08/02/08 04:39 PM
I've started a dynamic, one-of-a-kind online Broker Price Opinion and Real Estate Owned based forum titled, "BPO/REO Forum." I am very excited to tell you that we currently have over 1,000 members within the "BPO/REO Forum." Plus, there are over 135 different Broker Price Opinion (BPO) and Real … (0 comments)
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bpo: What Do Dave And Cathy Herrington Have To Say About HREU - 08/01/08 01:27 PM
We Always Appreciate Being Appreciated :)
Hello Tim!
I am truly excited about the Real Estate Business now that I am learning the info from Harris Real Estate University.
Nobody else in our office is taking it very serious. I love it!
Thanks for looking.
Dave and Cathy Herrington
Harris Real … (0 comments)
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bpo: Do you do Freddie Mac BPO's, & Where have they gone? - 08/01/08 09:24 AM
For the past several years I have consistantly done bpo's for Freddie Mac and other REO companies. On average about 12-15 a week for Freddie Mac. It paid for the groceries and has been the only steady stream of income in this slow market.
About 2 weeks ago the assignments from … (3 comments)
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bpo: REALTORS: Here Is The Info You Need To Know About The Housing Bill...READ NOW. - 07/31/08 11:49 AM
Harris Real Estate University Students and future students…here is the summary of theHousing Bill. (Thanks to the excellent reporting from Realtor.com for much of this content) * GSE Reform – including a strong independent regulator, and permanent conforming loan limits up to the greater of $417,000 or 115% local area median … (0 comments)
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bpo: Agent Short Sale Secrets FREE teleconference is THIS WEEK. - 07/28/08 08:14 PM
Hello,
Remember, this Wednesday July 30th at 12:00nn PST, 3:00pm EST…… You are registered for the F -R -E -E Agent Short Sale Secrets teleconference.
The teleconference is completely full. 100% of the spots have been taken.
But, your ’seat’ has been reserved.
Now, click here for all the call in … (1 comments)
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bpo: Here's The Update to My "Short Sale" Saga! - 07/26/08 09:20 AM
About a month ago I wrote a few lines lamenting my "short sale" experiences ... I've Found the Secret of "Short Sale" Success! ... And proclaiming my conclusion that the only money to be made while dealing with short sales is to teach the classes.
Well, here's the update! At the … (13 comments)
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bpo: Free report, charts and graphs of property data for Short Sale and BPO submissions. - 07/25/08 08:05 PM
Are you looking for ways to help with your Broker Price Opinions you do or simply to add valuable data for your short sale presentations? Check this out -- a little difficult to get to and I will show you another way as well.
First go to Cyberhomes.com
Enter in … (3 comments)
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bpo: REO Agents Needed- Stockton, Woodland, Dixon, Vacaville, FairField - 07/25/08 11:29 AM
Immediate REO Listing Jobs Available- GMAC Real Estate
You must bring your License to GMAC.
GMAC Real Estate is changing the face of the real estate industry; totally dedicated to providing a higher standard of service than any of our competitors. We are committed to offering consumers what they want - … (1 comments)
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bpo: My First Blog on BPO's :) - 07/24/08 04:20 PM
Hi All,
So I am new to the BPO arena, done some good research and what not. I would like experienced BPO vendors/provider inputs on REOTrans. Please reflect on my story below:
They only posted 1 BPO requested yesterday and it showed that it was posted on 4/02/08? Maybe it was a … (9 comments)
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bpo: BPO Update - 07/22/08 09:40 AM
So I am doing BPO's and am a little aggravated at one of the services who are utilizing my knowledge. Its a cma by any other name and if the comps are not there, they are not there. We are seeing 37% decreases in prices in the last 6 months depending on … (3 comments)
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bpo: U-G-L-Y BPO of the week...this one is BAD!!!! :) - 07/21/08 10:28 AM
This one is U-G-L-Y!!!
Looks Normal, right?
BPO's are always interesting, but some are MORE SO!
This one falls in that category...
All I can say is WOW
The vinyl has actually melted off the house!
7 Years of bad luck for somebody :(
MOOoooooooold!
Sexy!!!
BUt.................................
… (3 comments)
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bpo: Countrywide takes *30 days* to review Shortsale after BPO is done - 07/21/08 02:47 AM
I was informed by a representative at Countrywide of this. I had a file where Countrywide sent an APPRAISER out to do the appraisal on the property. The appraisal report was completed. I called the bank to find out that after they had already received the report that it would … (20 comments)
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bpo: Will you do a BPO for $40? - 07/18/08 08:12 PM
I consider myself still new to BPOs, but $40 for en exterior BPO seems just too low! I mean, I cringe at $50 BPOs! With gas prices these days, I barely make minium wage! This company actually advertise on their website "Why pay too much for a BPO?" I mean it … (9 comments)
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bpo: Will you do a BPO for $40? - 07/18/08 08:07 PM
I consider myself still new to BPOs, but $40 for en exterior BPO seems just too low! I mean, I cringe at $50 BPOs! With gas prices these days, I barely make minium wage! This company actually advertise on their website "Why pay too much for a BPO?" I mean it … (1 comments)
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bpo: Short Sales -The ICG Method: A Detailed Series Part One - 07/17/08 04:30 PM
In this series, I we will discuss some short sale basics - what is a short sale, what is the foreclosure process, and how to identify a possible short sale listing, and the "wrong" way to approach this scenario.
Part One - So you have a short sale, now what?
What … (8 comments)
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bpo: Are you an REO/BPO Agent Struggling to maintain? - 07/17/08 02:01 PM
Are your REO's bogging you down?In today's real estate market REO's are pouring in faster than you can list them. If you are like any other REO agent you are swamped with phone calls, dealing with vendors, evictions, banks, agents, forms, forms and more forms. You probably work 12-15 hours or … (0 comments)
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bpo: Short Sale BPOs are not necessarily made equally! - 07/17/08 05:24 AM
Ever been in Short Sale negotiations and had the lender say that their BPO came in higher than what your comps/report on the property is showing? Ever had them question your current list price? Here are few tips to consider when you are preparing your Short Sale request package to submit … (9 comments)
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bpo: I need help with a short sale with Wells Fargo and First Tenn. - 07/16/08 10:09 PM
namI have been working on a short sale with Wells Fargo and First Tenn. The first mortgage is at $187K with Wells Fargo, the second is $68K with First Tenn.... My client is now 4 months behind in payments. We had a good offer at $185 K. The Wells Fargo appraisal … (2 comments)
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bpo: REO assignments - 07/16/08 10:04 PM
On 2/15/08 I wrote about going crazy signing up with BPO companies in hopes of getting any listings.
Read it here: http://activerain.com/blogsview/381206/BPO-stir-Crazy
on 3/18/08 I wrote my experiences doing my first BPO's...basically, I jumped in the pool and learned how to swim.
Read it here: http://activerain.com/blogsview/413473/BPO-Learning-Curve
Today on 7/16/08, I have … (22 comments)
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bpo: REO or Exp - 07/15/08 06:08 PM
I get many requests for BPO's, and I often see that the property is/was listed. Don't know what happens next, but my experience is that the property, more often than not, goes to another broker. Why?
- Broker did not sell it.
- Company has preferred agent.
- Broker selected … (0 comments)
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bpo: REO - BPO Business Takes an uptick Lately - 07/14/08 05:04 PM
I don't know what's happening in your market, but all of a sudden business is picking up
I was swamped last week with new BPO's and received 3 more properties that have been foreclosed. My thought is that all of a sudden the economic news has made some … (7 comments)
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bpo: Is Your Real Estate Market Hurting your Cashflow? - 07/14/08 01:25 PM
With the ever increasing number of foreclosures going back to banks as Real Estate Owned (REO's), they are needing local experts to help do BPO's on properties and they are paying good money for your time. Don't get me wrong, it is not like selling a $500,000 home, but having additional … (0 comments)
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bpo: 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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bpo: Foreclosure/REO Properties in Greensboro, NC! - 07/12/08 09:00 PM
This has been an encouraging week for me!
Usually the summer time is our busy season, and it has been a little slow this year due to all the fear and this crazy housing market. It is like fear breeds more fear, and people feel the tide of overwhelming emotions.
May was … (0 comments)
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bpo: Broker's Price Opinions - 07/11/08 01:06 PM
Recently I've started doing Broker's price opinions in the Bellingham and Whatcom County Area. Any leads on where to begin with that? I've got a few...but could always use a few referrals more on it.
Thanks!
James Knapp, RealtorRemax Whatcom County INCjamesknapp@remax.net360-393-6986
… (0 comments)
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