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April 2016 Blog Posts (6)

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,…

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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. …

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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…

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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…

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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…

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

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