Once they actually start getting listings, most REO agents do not have time to do paid BPOs. That often leaves relatively inexperienced agents to do BPOs; and, of course, inexperience in any form presents danger. I do shudder each time one of my listings or pre-lists has to be scrutinized by a ra...

07/06/2011

To BPO or not to BPO: In defense of the BPO's place in valuation

6 Comments

The BPO has a distinct place in the valuation process. The perspective of a real estate agent is different than that of an appraiser. Appraisers, after all, never actually walk into a house with a prospective client, something agents do all the time (or at least, presumably, do).The agent, like t...

07/05/2011

Stop Foreclosure NOW: Are real estate agents scammers?

17 Comments

AVOID FORECLOSURE! I see the billboards. I see it on the internet. I see the ads for agents who claim to be foreclosure prevention experts. And while those claims are technically correct, I believe many of the advertisements are misleading and purposefully so. The billboards appeal to homeowners ...

07/01/2011