REOPro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

All Blog Posts (1,998)

Shelter Additional $1,000 With New Solo 401k Contribution Limits

Solo 401k Contribution limits for 2017
"The difference between ordinary and extraordinary is that little extra." ~ Jimmy Johnson

If you're a player or sports fan, you understand the importance of 'extra' effort. When it comes to…


Added by Dmitriy Fomichenko on November 9, 2016 at 4:22am — No Comments

Our institutional buyers need deals!

Ok REO - PRO's, check this out!

Our clients have a HUGE appetite.

Yep, you read that right. 100 deals per month.

Two buyers have cold called me in the last 14 days. These buyers gave us some specific criteria: Combined market capitalization of almost $1bln.

The street finds out again that I am interested in doing business with institutional buyers again and my phone starts blowing up!

Here are some notes I made of their acquisition…


Added by R. Glynn Williford on October 10, 2016 at 11:46am — 2 Comments

Are Your BPO Orders Scaring You - Bite Back With Our Improved BPO AutoFill

Special BPO AutoFill Software Offer 09/29/2016



Are Your…


Added by Nicole Ocean on September 29, 2016 at 1:24pm — No Comments

Masses of Marginal Agents

As a licensed real estate broker and professional Realtor® with an operating brokerage here in Nashville TN, I have experienced my fair share of marginal agents in my time. Truth is, it seems to have gotten exceptionally bad here recently with the Nashville housing market exploding as Freddie Mac ranked us #1 in the nation last month. It seems with this real estate boom, everyone and their granny is coming out of the wood work to help you buy and sell a home for the promise of fast, easy…


Added by Jesus (Jesse) Gonzalez on August 29, 2016 at 10:26am — 5 Comments

BPO Tools & Automation

Hi everyone,

BPO Labeler is a windows tool I developed to easily and quickly rename photos just by dragging each photo to the corresponding field names - the photo would be renamed and copied to the destination folder that was originally specified. 

You can also access the Price Opinion calculator by clicking on the "Tools" in the toolbar of the application. The price opinion calculator was originally designed for BPO Fulfillment platform but it should work for others…


Added by Ruslan on August 24, 2016 at 9:00am — 5 Comments

Amazing apps for your Real Estate business

I get so much email these days that I dread looking at my mail.

What a waste of time sifting through over 100 junk emails a day, just to make sure you do not miss something important.

Checking spam.

Trying to remember all of your clients email addresses at a glance.

Same story agents?

I opened this email from one of my LinkedIn groups, and was almost ready to hit DELETE, and to my surprise, there were a number of interesting and innovative…


Added by Doris Wright on July 31, 2016 at 10:30am — No Comments

REO Companies wanting to rehab

Is anyone else seeing an increase in REO companies wanting to potentially rehab their property to increase listing price??  The last several years  we are seeing an increase in REO companies wanting rehab bids during pre marketing and even as far as going the route of rehabbing the property and selling home at Subjects top market value.  I have 2 currently being rehab between $18-30k and  have had 4 properties rehabbed this year ranging between $10-35k. The most frustrating thing with this…


Added by MICHAEL LEE PENDLETON on June 6, 2016 at 12:08pm — 10 Comments

Resource for agents working probate, trust and inherited property sales

Probate, trust and inherited properties represent some of the most promising listing opportunities in a competitive market, but this niche is often shrouded in mystery with more questions than answers. was spawned to provide clarity. This blog site is everything probate marketing and adding a new revenue stream by reaching out to Personal…


Added by James Rutkowski on June 1, 2016 at 3:30am — 3 Comments

Nashville TN Housing Market Due For Correction of 20-40%.

Nashville's housing market is due for a correction. Ask any local agent and they will tell you, we have never seen times like this before. My point is, our local market is completely and utterly operating outside of its balanced, healthy parameters. The only time in our history that we saw markets like this, was back in 2006 / 2007. The local housing market correction will be preceded by a national market correction which I do believe will happen towards the end of 2016....if not sooner. So,…


Added by Jesus (Jesse) Gonzalez on April 29, 2016 at 8:53am — 4 Comments

Beware the BAD Business Practices of 24 Asset Management

Normally I would not complain about someone sending me business but after dealing with 24 Asset Management (hereinafter 24AM) on a number of JP Morgan Chase owned properties I had to file a formal complaint with the Illinois Attorney General's office.  In hindsight I should have reviewed the negative comments on the Better Business Bureau website. …


Added by Michael Sims on April 15, 2016 at 7:25am — 9 Comments

Bayview Financial

Has anyone ever worked a short sale with Bayview Financial? After my seller was three years in the short sale process, and two years with buyers waiting to close, the buyers lender needed one more day to close due to TRID requirements. And this was due primarily to the note being sold two times during the process. Buyers were packed and ready to move. Tenants in the short sale house were packed and ready to move. Bayview had the closing disclosures in hand. And Bayview refused to grant one…


Added by Rebecca Kitkowski on April 12, 2016 at 8:54am — 3 Comments

401k Solo Plans: Understand Mortgage Note Investment

You attended a seminar on passive income generation with mortgage notes, learning how to enjoy high returns while sitting on your couch, and you are ready for your first purchase. But, hold on. Is this how you make your investment decisions? There is no doubt about the efficacy of mortgage notes, but you must understand them before buying your first note.

In this post, we’ll look at the…


Added by Dmitriy Fomichenko on April 11, 2016 at 5:43pm — 1 Comment

BPO Hacks

I have been a huge fan of the site for a while and I have read many of the blogs. However, I don't recall any blogs related to the day to day management of BPO's. I would like to compile a list of BPO hacks (simular to life hacks for BPO agents).  Please share YOUR strategies or techniques adopted in order to manage your time and daily activities in a more efficient way, as a BPO agent.  

For example:  

1. What are the best camera brands and models to use? and…


Added by MJS on April 11, 2016 at 12:05pm — 2 Comments

Stewart Valuation Services, LLC.

I've been completing BPO's and teaching a class on how to complete BPO's and CMA's for more years than I care to reveal and have never had a late assignment for any vendor. I received an invitation to join, Stewart Valuation Services, LLC. Then, I was asked to complete a lengthy application and provide copies of my RE license, E&O Insurance W9, etcetera, I complied. Then I was asked to complete a background check. They would…

Added by Herman L Dawson on April 6, 2016 at 12:14pm — 10 Comments

Homes for Heroes

Homes for Heroes in Wisconsin!

Homes for Heroes is a national program dedicated to providing extraordinary savings to heroes who provide extraordinary services to our community each and every day, when they buy or sell a home.

Who Qualifies?



Added by Michael Collins, CDPE, SFR on February 18, 2016 at 8:54am — No Comments, a First Valuation Company

Did 2 rush BPO's for this Company in the most dangerous area in South Florida and haven't been paid.  It's been almost a year for the first BPO and it's been  8 months for the other. Anyone else have that problem with this Company (, a First Valuation Company)?? They keep blaming it on accounting.  Anyone have any suggestions other than not doing anymore BPO'S for them (which I did stop after 2nd BPO)??

Thank You for your input,



Added by Kevin Novack on February 12, 2016 at 8:00am — 64 Comments

REO PAS agent with Wells Fargo What has happened??????

hello out there.  

I have been a PAS agent that is a Wells Fargo agent and received many listings over the years especially here in South Florida which still is one of the top states for foreclosures.  I know the REO market is not what it use to be but after speaking with the other PAS agents in my area they too have not received a listing in 6 to 7 months.  I thought it had something to do with the banks wanting more financial assets on their books for end of 2015. We are now…


Added by Wayne Gebhardt on February 12, 2016 at 8:00am — 13 Comments

Nicole Ocean's 'Top 10 Favorite BPO Companies of 2016'

Industry Announcement • January 27, 2016

Learn More About BPOA


 BPOA Logo The Leader in BPO Automation

Software Since…

Added by Nicole Ocean on January 29, 2016 at 12:30pm — 19 Comments

Three reasons why to sell this spring In the Puget Sound are in WA


This is really going to be good for home or condo sellers. Please contact me to get…

Added by Gerhard Swiderski on January 20, 2016 at 6:30pm — No Comments

Divorce Real Estate

It's been said that there are "riches in niches", and divorce real estate is one such area that savvy agents can get a competitive edge. Sadly, over half of marriages end in divorce and while the house is usually considered the biggest asset of the…


Added by James Rutkowski on January 15, 2016 at 9:32am — 4 Comments

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