Disputing The Bad BPO.

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

short sale agent training


Short Sale Superstars Advanced Short Sale Training Session 3

Wendy and Bryant discuss


Overcoming Bad BPOs
 
***55 minute audio sharing tips and techniques for avoiding and disputing the Bad BPO. Forms and templates provided.Check it out
  1. Preventing Bad BPO’s
    1. Pricing Right
    2. Accurate MLS info
  1. Communicating with BPO Agent or Appraiser
    1. Is it allowed?
    2. Tactics
  1. OOPS Price Came Back Too High
    1. Property Condition Method
      1. Photos
      2. Inspection reports
      3. Bids
      4. Other resources
    2. Wrong Comps Used Method
      1. Independent Appraisal
      2. Factual Errors

Wendy Rulnick

Wendy RulnickWendy Rulnick is a licensed Real Estate Broker for over twenty years, and has sold hundreds of short sale and pre-foreclosure properties. She has been featured in Kiplinger Personal Finance Magazine and Florida Realtor Magazine as a short sale specialist. Wendy also teaches Short Sale seminars and has developed a special agent training and resource site with her business partner, Bryant Tutas - www.shortsalesuperstars.com.


Bryant Tutas

Bryant Tutas

Bryant has been in Real Estate for 18 years and is the Broker/Owner of Tutas Towne Realty, Inc located in Kissimmee FL. He is also the co-founder of Short Sale Superstars and co-broker of REGrow, LLC. Negotiating Short Sales is the cornerstone of his business. He does it often and he does it well.

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The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Topic:
Real Estate Best Practices
Location:
Florida Orange County Orlando
Tags:
bpos
short sale agent training

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Ambassador
553,575
Larry Story
Total Care Realty - Greensboro, NC
Total Care Realty, LLC, Greensboro, NC Real Estate

BB,

BPO's can wreck or save a deal for sure.  It is good information to have to keep that never say die spirit.  Just because the bank comes back with a bad set of numbers you definitely need to be ready to prove your side. 

Oct 13, 2011 12:53 AM #1
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's a shame we have to do this and often.  I wish the banks/lenders would select better and local agents if they insist on doing BPO's.  But, they will continue to get what they pay for.

Oct 13, 2011 12:59 AM #2
Rainmaker
1,521,798
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

I do a lot of BPOs but I limit my area to the  area I sell...and I am pretty good.  But I have had to defend my own BPO against "a previous BPO"on file."  It is a pain.

Oct 13, 2011 01:00 AM #3
Rainmaker
592,907
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Oct 13, 2011 02:40 AM #4
Ambassador
1,509,742
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

What Gary L Waters #3 said.  Many mills hire inexperienced people (sometimes not even agents) and chop up the report.  I don't have time to watch your video now but I hope you included a spot about interviewing the agent/appraiser for their experience.  Agents can definitely deny access if they feel that the report is being chopped or the BPO agent/appraiser is out of area or inexperienced.  The agent/appraiser will then have to turn the report back to the vendor and it gets reassigned to a new agent/appraiser.  This would help us tremendously who work these in an ethical manner to get more business because when agents are denied access and they have to turn reports back often, they will get less reports in the long run.

Oct 13, 2011 04:11 AM #5
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