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I always wonder how I became lucky enough to get that first REO property over 10 years ago. Definitely a different market than what we have right now.
Now I watch agents send out stacks of resumes, do BPOs for less than $45 and they are getting the business. Sometimes I question whether or not the banks, asset managers and investors realize exactly what they've gotten?
I tend to think not, particularly when I have a new REO agent in my office stated the…Continue
I just received an email from a company that contacted me to complete a BPO on a property. Located on the river, in a rural area. Since it is rural, there are not a lot of comparables. I was worried it would be returned to me since there is a large variance in prices.
After closely reviewing what I thought was a BPO that I prepared, I noticed that "Quality Control" has made $75,000 adjustments on the form as well as a few others.
I was shocked. What is the point…Continue