Wanda Wile, Residential and Commercial Real Estate in North GA (Branches Realty Group)

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Rainmaker
679,914
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I get requests for BPOs all the time that I decline. Clear Capital is absolutely still in play, and they're one of the best in terms of interface, organization and quick payment.

Dec 29, 2017 07:07 AM
Rainmaker
1,505,709
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

I still do some for Clearcapital.com and Protk.com .... not a lot but some!

Dec 29, 2017 06:14 AM
Ambassador
4,054,019
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

So many better ways to abuse yourself, concentrate on generating leads and get a part time job to pay the bills until you get a few listings.

Dec 29, 2017 06:42 PM
Rainmaker
2,940,637
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

The BPO world has transitioned. There are bpo mills that just give out bpo orders and do not list, manage or sell REO. They often look for an agent who will work for cheap and can be a pain with their QC for your willingness to work for little. Then there are the asset management companies that list, manage and sell REO that do assign bpos. Depending on your experience and past history with them, you can name your price for bpos if you can do a good job, do it quickly and get them right the first time. They grade you and award listings by your score and relationship you build with the asset managers. 

 

The thing is, that many companies will charge you to join their network. You need to do a big volume to make it worth it. You need to know who pays and who does not. I can say beware of companies out of CO, nothing against CO, but the 2 biggest non paying companies are from there, so google bpo complaints before taking work from a new company.

 

I make a good paycheck every week by doing bpos and gets me lots of REO listings. Sign up for a variety of companies and stay away from anything that asks you to pay. DO not take their low pay, ask for a higher pay, they want quality in the end. 

Dec 29, 2017 06:28 AM
Rainmaker
2,971,618
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not the kind of business I do, so really can't say.

Dec 29, 2017 01:46 PM
Ambassador
1,962,853
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I used to do them for Clear Capital back in the day. They had a good tracking system and paid promptly.

Dec 29, 2017 07:21 AM
Rainmaker
1,024,052
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

None that I know of Wanda Wile 

Dec 29, 2017 06:06 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't think there are all that many BPOs around these days.  talk to the lenders and the asset managers.

Dec 30, 2017 06:23 AM
Ambassador
4,298,221
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I do not like to spend my time on BPOs.

Dec 29, 2017 09:49 PM
Rainmaker
910,672
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

wrong market

Dec 29, 2017 07:43 PM
Ambassador
2,344,089
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Not that many, like there was after the Crash 10 or 12 years ago.  A few brokers here have that market sewed up, along with the foreclosures.

Dec 29, 2017 07:19 PM
Rainmaker
2,763,009
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

None that I know of unless one is willing to participate in their real estate prostitution ring ... which I am not.  I hold myself to a much  ... much higher standard. 

Dec 29, 2017 08:52 AM
Rainmaker
349,160
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I don't see many BPO's anymore in our area, they used to be more years ago.  I think they are paying very little but I guess it depends on the company. 

Dec 29, 2017 07:57 AM
Ambassador
1,610,853
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Haven't done them in years since the short sale days. Now unless one drops out I don't see new people coming in.

Dec 29, 2017 07:32 AM
Rainmaker
1,504,625
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Us guys like me no longer bother with BPO's. That market is pretty much dead & buried. If I check the year end stats there will be probably 10 short sales in my entire town.

My owners mess with E&O.

Dec 29, 2017 07:29 AM
Rainmaker
4,866,958
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I haven't heard of anyone in our area doing BPO's for decades.... they're a PITA

Dec 29, 2017 06:48 AM
Ambassador
3,183,831
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh and Landy for E&O insurance.

Dec 29, 2017 06:25 AM
Rainmaker
3,164,988
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never was a fan of doing BPO's, so can't help. As for E&O, who does your sponsoring broker use?

Dec 29, 2017 06:22 AM
Rainmaker
1,022,897
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

A lot of great answers here. 

Agree.

Oct 05, 2018 04:59 PM
Rainmaker
1,446,263
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Yes, great answers here

Oct 05, 2018 04:58 PM
Rainmaker
4,019,713
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Have never done BPOs, but have been solicited.

Dec 31, 2017 07:47 AM
Rainmaker
5,262,269
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This appears to be a duplicate question.

Dec 29, 2017 06:20 AM