Has anybody noticed a severe drop in BPO work? I do them at night when the kiddo is asleep. I went from 20 a week to 5 a month. This is the Indianapolis Market and American Homes for Rent bought anything they could. Also, lending institutions and Fannie and Freddie due bulk sales, I wonder if that hurt.
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I think due to the closeness of the election they are holding back. I seem to remember the same thing 2012
Big drop in the NW area, also. I have given up on them as they want me to drive 3 hours for their measly fee. I do many PICRs and MACs type reports and they have also dropped off as I refuse to drive too far for their $20 or $35 fee.
anyone else suspect a shadow inventory out there.......????? lots of vacant houses just sitting there
I agree with you regarding the shadow inventory. 2017 will be quite interesting.
Yes the Las Cruces NM market has also slowed with BPO'S Its not like we were a major market, but we have been slow to recover. Climate and low cost of living brings lots of retirees with cash. The wave of California Investors going belly up has pretty much washed out. Still , I suspect there is a huge shadow inventory out there.
Mine come in waves lately, actually I am glad for a little lull in the work flow. To answer your question, it is always slower in the Fall Just wait to December when you want to be shopping and baking and the BPO's are coming fast and furious. If you are depending on BPO's for your sole source of income -- that is crazy -- I sell a fair amount of RE, BPO's are not predictable - ride the wave....
I don't know Xome, sent me 15 exterior property inspections (not BPOs) in a 2 day period last week. Guess it just matters on the area.
Yes, the drop is very significant. It is affecting the pocket. I think is temporary, it will pick up again.