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How many of you are familiar with Corelogic (FARVV) and their crzy bid system? WHen this first came out I blogged about it and how brilliant it is from a BPO companies stand point. The fees are…Continue
I was just sitting here looking at my finger, which hurts 24/7 and has for two years, when the thought of this subject came up. You see, my finger is missing the tip and after two years I still have…Continue
Just took 20 orders today. Have not delt with them for several years. Are they paying I dont want to drive 100 miles for squatContinue
Marvin Von Renchler has not received any gifts yet
I remember a husband/wife team in Arizona that used to ell seminars on how to do BPOs, acquire REO, etc etc. Their material was dated and full of errors 4 years ago. DOnt know if they still push it. Agents have not been able to smooze assett managers in the back rooms of lenders for YEARS. Once in a while one can make an inroad to some small area lender or credit union but in eneral ALL the REO goes to the big player real estate offices who can afford to pay out thusands a month to do the…Continue
Im getting orders from many portals. This reminds me of 3 years ago when everyone was trying to do loan mods (what a joke) Anyway, orders are coming faster than I can handle them and Im having to turn some down. Ive noticed that there is a higher percentage of very hard to do properties as compared to 'the old days'. Many are not worth the time. After 3,000 BPOs Im tired of the entire thing. Yeah, kept the light bill paid but I dont have a new sailboat anchored off the coast of Greece so…Continue
Was talking to an agent who advertises as a buyers agent for short sales. She has a huge following of investors now. Told me she never has less than 100 offers outstanding but only closes 3 to 5 per month. I have 33 years in biz and have done 3500 BPOs but very few shorts. Can you tell me why this ration should be so small? My only half educated guess is she shotguns lowball offers and they grab whatever works?
I know starving agents who would LOVE 3 to 5 commissions a month…Continue
First, there are thousands of agents so hungry that they will step up to the plate of a dollar. If the servicers/enders/bpo companies can get us to do it for a dollar---good on them? Its smart business , no? We have no one to blame but our own whore industry, to be blunt.
I predict that their will be few future REOs for any real estate people except occaisional small to medium servicers who make deals with a few huge real estate franchises. What will happen…Continue