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i use trackmyforeclosures.com and love it. the company seems to not be as greedy as some, they have an affordable set up fee (think i paid a $99 set up fee) and a low monthly fee $39.97. Best yet is i can have it on as many conputers as i want for no extra fee!! In addition to the keying software their tracking stuff is great, it has helped me get organized and now i am never late with a bpo or mmr. I would check it out, i think it is the best bang for your buck!!
As for listings I don't look at my BPO's for listings, to me it is a revenue source. I make 6-8,000 a month doing them.
I have however gotten some listings, I use to get ocwen but as of 2 months ago they pulled my 4 listings and one of their employees (who is a realtor out of georgia) joined my board and now has them listed (i think they have done that with the entire state of IL unless it is not one of their mortgaged properties then they are still listing them).
I did a bpo through CoreLogic in November and got a call at the end of November from Citi and was asked to join their network because of the bpo i did on the property they were giving me.
If you are doing BPO's to get listings my opinion is you are wasting your time. I have been a realtor for 12 years and doing bpo's and reo's for 7, I think in those 7 years I could count on my 10 fingers the listings that came because of a bpo.
If BPOs are your main revenue source. What is your greatest cost outside of your time? Do your have a team/staff?
No BPO's are not my main source of revenue they are a second source. I have 20 REO listings as well.
As for cost for bpo's, i have the monthly fee of $39 to TrackMyForeclosures, i do pay FAS $100/year to get BPO's from them but I get about 20 a month so the $100/year is worth it for me. I think that is about it, most BPO companies don't charge to sign up with them. If they are charging(like FAS) i ask around to make sure other realtors are getting BPO's from them before paying any fees.
as for a team, i have 1 assistant that works part time she does my REO billings and some of the REO reports.
I have several realtor friends in other markerts then mine that are making $10,000+/month just doing BPO's.
Hope this helps.