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May 2015 Blog Posts (5)

Is the REO industry finally dead?

At some point when i started getting REO's in 2006 i was told by Spring of 2009 it would be all over. Boy they were wrong in 2009 i sold 189 REO's but something was different then. REO's were being traded from one asset company to another and i was sent along the ride with the new companies selling an average of 150 a year till 2014. Now in 2015 the REO's are just drying up with no new asset manager on the block and nobody even making claims that we have a shadow inventory coming sometime…

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Added by Alex Nova, A-REO, CDPE, RDCpro on May 20, 2015 at 3:59pm — 7 Comments

Items that Repel Homebuyers

Items that Repel Home Buyers

The seller’s market that was so prevalent a few short years ago seems to have shifted in favor of the home buyer. Thanks to an overall improvement in the economy and home prices that have risen by 10% or more for the past year, buyers are becoming a bit more selective about their purchase. Here are some items that scare buyers off and what you can do to fix it.

Foul Smells…

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Added by Michael Collins, CDPE, SFR on May 14, 2015 at 9:01am — No Comments

How to choose the best retirement plan for self-employed?

Every small business owner requires a retirement strategy. Do you own a small business? Probably the idea of retirement planning isn’t as enticing as opening another store for your business. According to a survey conducted in 2014, nearly one-third of the small business owners didn’t want to retire whereas a quarter had no plans for retirement. More than one-third said that they would divide their retirement equally between work and leisure. Does that sound like your plans?

Here are…

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Added by Dmitriy Fomichenko on May 13, 2015 at 9:00am — No Comments

Do you know how much your BPO client pays me?

I just received an email request for an exterior BPO due in less than two days (about 42 hours) for $42. I generally just delete these because the fee is too low for me but it just so happens I had an accepted order within a few blocks for another client (for $70, not a rush order). I thought I'd log into their system and reject for fee and see if I could get them to bump it up a little before I drive for photos tomorrow morning. I took a couple minutes to see if the property was listed, had…

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Added by Patrick Willard on May 11, 2015 at 4:51pm — 6 Comments

BPO payment questions

I received a notice from a company that Ca state regulations require that all payments be made to the employing broker or brokerage.  They payment is already low.  For many years all payments go directly to me.  My broker does not care but the logistics of writing a check back to me will be difficult to continue on a continuous basis.

I do not have similar issues with other companies. Anyone has that experience?  They now ask for copy of driver's license.

Added by Sam Shueh on May 1, 2015 at 10:30am — 11 Comments

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