BPO's

By
Real Estate Agent with Atlanta Communities 309343
I am interested to know if there are any BPO scams to look out for. It seems like companies ask for some very private information when a realtor signs up to do these. I have signed up with one company that came personally recommended, so I know it's legitimate, but I'm not sure how to check out the ones that come as email solicitations. These also ask for a fee, payable by credit card. Any advice?
Posted by

-Deb Luedtke

 

Comments (13)

Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News
I don't work with any companies that require me to pay a fee.  So if they do then I would pass them by.  There are loads of them out there.  Join the REO group here on AR and you will find lots of advice.
Nov 15, 2007 11:26 AM
Todd Jones
Weichert Realtors - Hibble & Associates - Clarks Summit, PA

I just registered for a few in the last week. Contact me and I will share. Maybe you can share your BPO source with me!!

Todd Jones - Your Scranton, Clarks Summit Realtor

Nov 15, 2007 11:37 AM
Deb Luedtke
Atlanta Communities - Woodstock, GA
Welcome Home Pros, Premier, Atlanta Communities

 

Thanks for your comments. I am glad someone else feels the same way as I do about those fees! I will definitely check out the REO group. Thanks!

Nov 15, 2007 01:53 PM
Leo Namiot - SimplerHomeLoan
Canopy Mortgage - Leo Namiot - Saint Augustine, FL
Before you chose a lender check my rates and fees

Hello Deb,

   Welcome to active rain, it's a great online community, Enjoy!

 Leo Namiot

Benchmark Mortgage

Connecticut & Florida Mortgage Specialist

www.LeoLends.com

Nov 15, 2007 02:13 PM
Deb Luedtke
Atlanta Communities - Woodstock, GA
Welcome Home Pros, Premier, Atlanta Communities
Nov 15, 2007 02:49 PM
Deb Luedtke
Atlanta Communities - Woodstock, GA
Welcome Home Pros, Premier, Atlanta Communities
Thanks, Leo.
Nov 15, 2007 02:50 PM
Deb Luedtke
Atlanta Communities - Woodstock, GA
Welcome Home Pros, Premier, Atlanta Communities
Thanks, Leo.
Nov 15, 2007 02:51 PM
Brian Sharkey
SharkeyRE LLC - Tequesta, FL
SharkeyRE - #SouthFloridaBroker

I'm not sure I understand...why would you have to pay for a BPO?

 

Am I missing something?

Nov 15, 2007 02:51 PM
Brian Sharkey
SharkeyRE LLC - Tequesta, FL
SharkeyRE - #SouthFloridaBroker

I'm not sure I understand...why would you have to pay for a BPO?

 

Am I missing something?

Nov 15, 2007 02:52 PM
Anonymous
atlantadeb
Some companies charge a fee for you to register with them before they will send you any BPO's.
Nov 15, 2007 02:55 PM
#10
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Deb,

Welcome to Active Rain! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Nov 16, 2007 04:32 PM
Anonymous
Marsha Tucker

I am a real estate Broker in North Florida and cover the following area's, Crawfordville, Tallahassee, Alligator Point, St. George Island, East Point, Havana, Monticello, Carrabelle, St. Marks and I would be happy to pay a referral to any licensed real estate agent if they have a referral to send my way.

Apr 17, 2009 06:04 AM
#12
Anonymous
Mike

Hello all.  I just ventured into the world of BPO's over the weekend by signing up with 3 companies.  I received my first BPO today from Main Street and not sure how to perform in order to satisfy their expectations.  Any suggestions re. how to initiate an exterior BPO for Main Street would be greatly appreciated (is there software I should purchase?).  THANKS!!!

Apr 20, 2009 02:40 PM
#13