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Blog entries tagged with "bpos":
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Good afternoon,
I changed the name of my blog to try and get to the bottom of this wonderful job we call real estate and to open up discussion on many different topics relating to the urban growth boundary, development and al pieces of the real estate market.
If you fell … (1 comments)
BPO Fact and Fiction
Has anyone heard of or used this company? I just found them and they sound very intriguing but require a $195 annual fee. I would love to hear about your experiences with them.
~Kyle Whissel~www.REOListingBroker.com … (5 comments)
Short sales are interesting. Because the seller cannot collect any money, they are listing houses at ridiculous prices in order to get action. So we have phony listings.
I recently did an interior bpo. The agent met me at the property and handed me a copy of the offer. She told me it was … (15 comments)
After spending a whole evening one night a few weeks ago filling out lots of application forms for various BPO/REO company websites, I finally recieved a BPO lead that was sent to my phone. I have recieved a few from another company via email, but if I was even 5 minutes … (6 comments)
Wow, I can't believe it!! I registered with FISERV last October and hadn't heard one thing from them. Yesterday I receieved 12 BPO orders from them!! 12!! Today, I called them to get some more info on the orders real quick before I left and I asked if they reimbursed for … (6 comments)
BPO's and Loss Mitigation are the hidden places where you can pick up some quick cash and build a client list of people who need to sell. With the BPO you will have access to real estate agents who have inventory to unload. Work these leads and feed your business. If … (6 comments)
I was just catching up on the posting within the forum this afternoon and wanted to address some very important points that I mention to others when they email or call asking for advice.If you don't get business right away or are not getting enough business, it could be because of a … (3 comments)
This seems to be a popular question nowdays. How to Become a REO Agent and Get REO listings.
You Ask why would anyone want to work with REO Properties and become an REO Agent? Usually they are Run Down and In Bad Areas.
Even if this was the case - that REO … (9 comments)
Today's Tip is about the Letter of Authorization..commonly referred to as the LOA,Before you can even begin the short sale process, you will need to be given written authority to do so by the homeowner / borrower. Without having this document you can not even begin your short sale process. Simply … (0 comments)
The lenders and companies that hire real estate brokers to do BPOs, or Broker Price Opinions, have very specific requirements. Don't assume from the name that a "Drive By" BPO will involve only a couple of photos from the car and a short form with information about what you saw. 
Are you a REO agent providing minimal information about each bank owned listing? The bank expects you to market each listing as much as possible so the best possible offer is received. You should never look at an REO property as a burden and/or think little effort is required. Remember, each … (13 comments)
Well, it seems that many realtors are doing bpo's these days to increase their income. They can be time consuming but are a good way to get your foot in the door and to get to know your communities and keep up on the current market. The pay is not … (3 comments)
As a real estate agent, you know that the more BPO’s you accept, the more money you make and the higher your rating will become with the banks that offer BPO’s. But as an agent your time is valuable and the time you may want to devote to BPO’s is … (2 comments)
Full Time Positions FILLED, but still doing project based, contact me for details! Below is a list of the tasks that I do...
Maintain Database (point2agent, sharperagent, etc)
General Correspondence (make appointments, verify appointments, etc)
Register BPO's and REO's ( I register and follow up with them for you)
Blogging ( … (2 comments)
trying to acquire BPO's there are quite a few on the internet. Some require SS#'s with their apps and I'm not so sure that's a good idea completing that online not knowing if I will ever hear from that company. From what I have been able to see on these blogs … (8 comments)
In the last 3 days, my partner and I submitted 28 Broker Price Opinions (BPOs). Besides being incredibility BORING after the first two, here's my only complaint.
In a sales meeting today I heard a comment that I am still trying to get my mind around. I heard that banks will grade agents on BPO's. Basically - if you do a BPO and get the listing, you are graded on the percentage that it sells for in reference … (3 comments)
Driving by and doing a broker's professional opinion on houses about to be foreclosed can be sad. Lots of times the people who lived there have tried to make the home lovely and livable. This particular bpo looked pretty desolate from the front. I'd been in it, however, and knew that … (2 comments)
Hello, I signed up with a couple of the companies that some of my AR friends suggested (to do BPOs) what is a normal period of time to expect to get an order to perform a BPO..then from there, what is the normal period of time before doing BPO's turn into … (7 comments)
I have been doing a few BPO's for RR-review and was wondering if any of you know of any other BPO company's that you use. I am in SC so hopefully that wont be a threat. I don't mind doing them especially on a rainy day. Usually no one looks at … (4 comments)
I recently wrote a post on my personal blog, feel free to check it out. It was based on a recent BPO interior inspection. I'd love to hear your funny/memorable BPO stories!
Hi my name is Tammy Spillers and I'm a Realtor here in Modesto, CA. I have spent the last 2 getting every bit of information I could find on foreclosures. They now call me the Foreclosure Specialist, I get tons of calls with questions everyday from Realtors and people needing information. … (35 comments)
I am working on breaking into the BPO industry and want to know how you go about getting solicitations from companies. I am currently signed up with Clear Capital and have done a couple of property inspections but I have not been able to get any BPO's. Does anyone have any … (3 comments)
Here is food for thought. I've been doing BPOs for quite some time now. I do them for different companies since I am a licensed real estate agent (note: I am not state-certified appraiser). Many mortgage brokers tend to use BPOs when owners refinance their homes, put in inground pools, or … (3 comments)