I have been doing BPOs for 1.5 years now and I have not had much luck getting REOs from them. Only a handful of listings and a mountain of BPOs. My BPO and CMA scores are very high too, but what is the trick?
I have done sooooooooo many BPOs that I could teach a class on them in my sleep. So I was told by my friend Jen one night when I was snoring during a camping trip. She told me to stop snoring and I told her ""to fax my snoring to the MLS and that I would file my snoring with the BPOs before deadline and don't worry."" I woke up and she asked me, "what does MLS and "VPOs" stand for?'
I tell this story because BPOs can take over your life. I have had to do 6 BPOs in one day. We are talking 15 or so hours. So I guess my biggest question is...
Where are the REOs???? Does anybody know? Is anybody willing to share? Are there some companies that offer more REO then others. Which ones have you had luck with? Any recommendations?
Shortly after this blog I was interviewed by the Denver Post. The recommendation was given to them by a client of mine. Thought that i would share it.