America's Largest Social Network for Default Real Estate Professionals
As you can imagine the answer to this question depends on who you talk to. For me, I have personally experienced doing BPO's in a rural setting and talked with numerous agents all over the U.S. who work in very urban settings.
My experience leads me to believe that doing BPO work in a rural setting is much more limiting. It is difficult to find comps that just aren't there, even after going out up to 10 miles from the subject property. If you go further than this than it is…Continue
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
Added by Howard Bell on May 28, 2010 at 9:41pm — No Comments
Time to Blog this morning ! What about BPO?
I have done a bunch and happy to…Continue
Added by Howard Bell on May 26, 2010 at 11:37pm — No Comments
More words about education and certification. It is never enough for sure.
The more you get and the more you need.…Continue
Friday, I closed on a $322,000.00 short sale, Monday I close another for $340,000.00 and amazingly enough, both buyers, brought me "pre-approval letters" from the exact same lender.
Just so you are clear, these are 2 different homes, 2 different buyers but, both had the same exact lender. Now, the reason this is critical to understand is because, on both offers, I made sure to ask for a Pre-Approval Letter and, you would think that because both buyer's are using the same…Continue
Many of you may have seen a new advertisement on REOPro for Bridge Asset Servicing Network and their claim to GUARANTEE LISTINGS. Obviously, this intrigued me and I wanted to learn more about this company and see just exactly what they were all about.…Continue
Hot off the presses! Huge News for ANY REO Listing Agent....
Freddie Mac/Homesteps just announced that they will be doing live on-site interviews at the upcoming REO Expo Event for open positions they have for listing brokers around the nation. Don't miss out or waste any time because this opportunity will pass by quickly!
To learn more check out this link for all of…Continue
Thank you for your interest in becoming a vendor for R & D Properties. We request that all new vendors make a tax-deductible donation to the
charity of our choice, The SPCA Honor Sanctuary. Please click on the
link located at the bottom of our home page to be redirected to the
Added by Greg Gamble - Seattle Washington on May 19, 2010 at 10:11pm — No Comments
When a sump pump is running and pumping water from its basin to the outside, strange noises can be heard. When the pump transitions from running to shutting off, there is a loud slurping/gurgling sound as it searches for water before shutting off. After speaking with an REO agent who is listing a home in my area last week, all I could think was, have asset managers really reach the bottom of…Continue
How Not Having the Proper REO Team can Jeopardize your REO Business.…Continue
Added by Greg Gamble - Seattle Washington on May 17, 2010 at 7:04pm — No Comments
I was just informed by a BPO company that I CAN'T EVER show a property that I do a BPO on to any prospective buyers. This has never been handled this way. I was always told that I couldn't discuss with anyone client or not what the BPO value was being I had a responsiblity to my client indirectly the Bank/Mortgage Company.
Specializing in REO's and doing BPO's as a fill in,which also keeps me up to date on different market values is a good thing. It…Continue
I was fortunate enough to listen in on Jesse's blogRadio interview with Angelique and Bobby of Bridge Asset Network.
They have what sounds like a unique model for managing distressed assets and are marketing to clients outside the normal channels of property assignments as well as to the traditional sources of inventory.
It was refreshing to hear their perspective on the relationship between agent and client as well as their policy on property preservation. Both were very…Continue
That Troublesome Contract! ….part two
For part one of this “mini-series” please see: http://reopro.ning.com/profiles/blogs/that-troublesome-contract
As you see from Part One, this all started the week after Christmas, yes...Christmas of 2009. But let me get you up to speed with…Continue
Designations everywhere, which one is the right one?
Oh my goodness…..this is THE QUESTION.
It’s like being a fat man at Krispy Kreme Saturday morning, 4:30am after you left the club a…Continue