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All Blog Posts Tagged 'bpo' (43)

Wow lots of new activity from most BPO portals--but will it last?

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…

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Added by Marvin Von Renchler on December 13, 2013 at 5:46pm — 14 Comments

December slow down, or not?

Have you noticed a slow down in December in your REO listings?  I have heard in the past that the banks hold off on cash for keys, and evictions in November and December, but I have not felt it.  I'm busy as ever dealing with cash for keys right now and I have dealt with two evictions in the past month. I feel that's high for a slow month.

I'm just curious how everyone else is feeling. 

Added by Cindy Edwards on December 14, 2012 at 7:50am — No Comments

BPO fees dropping and dropping--watchathink?

 

I love Corelogic so dont get me wrong but has anyone here thought of the GENIUS of the bid system?  Its a way to drop our fees but make us do it to ourselves. You can bet their fees to the investors are still the same. If we field agents are a little hungry then we can start dropping our bids to go against each other. Its OUR choice, not Corelogic so we cant get angry about the fee. Corelogic started this off with a $500 max up or down and recently added another 2 bucks possible to…

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Added by Marvin Von Renchler on December 13, 2012 at 2:21pm — 3 Comments

Have you taken your 2013 training classes yet?

If you are doing REO work you must be aware of all the training involved.  It's not just, get up and go.  Citi has mandatory training each year.  I just finished a class yeaterday that I dreaded taking , because I take similar classes all the time, however, it was great.  It got me thinking, it got me fired up and it helps me do a superior job on the bpo's band REO work that is bestowed on me. 

So quit complaining and…

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Added by Cindy Edwards on December 13, 2012 at 8:58am — 4 Comments

Michael Collins receives BPOR Certification

FOR IMMEDIATE RELEASE:

NAR Broker Price Opinion Resource BPOR

Michael Collins Earns NAR Broker Price Opinion Resource Certification

Sellers and Lenders Benefit from REALTOR® Expertise in Broker Price Opinions

Madison, WI — Michael Collins with Rock Realty has earned the nationally recognized Broker Price Opinion Resource certification. The National…

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Added by Michael Collins, CDPE, SFR on July 26, 2012 at 9:16am — No Comments

Oh Shoot! REO's Have Slowed Down. I'm Back to Doing BPO's! by Nicole Ocean

BPO Automation Group

"REO's Have Slowed Down, I Neglected the BPO Side &…

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Added by Nicole Ocean on July 16, 2012 at 10:20pm — No Comments

Setting up your REO Properties as Projects in QuickBooks

I've been using QuickBooks since its inception back in the 80s. In fact, as I was reorganizing my library of software programs and toys, I sorta drifted back to the beginning of my program collection such as my old versions of SuperCalc 4 and 5, MS Office DOS Version (1988 and 89 Copy), QuickBooks 1988 - 2006, Quicken Invoice DOS and Windows (initial Copies), and more. Ok, back to the topic.

I prefer the method below because it allows me to accurately track each property expense, I…

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Added by Carolyn Nelson on August 28, 2011 at 6:55am — No Comments

Ocwen/Altisource is on Fire, Fire, Fire this morning within our Order Central software!

BPO Automation Group

  

Our BPO Company of the Month of August is....Ocwen/Altisource!

 

I woke up this morning and like most day's I start by opening up…

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Added by Nicole Ocean on August 27, 2011 at 1:46pm — 2 Comments

Homeownership Rates Are Lower Than You Think

PLEASE READ THIS ARTICLE... makes one think of what is really happening with this bill when you take into consideration all the movement of large bank related corporations to buy up the "SHADOW INVENTORY" that the banks have been sitting on all this time. Default Redsources' REO Management branch has signed a deal with Georgia based United Bank, HomeLand Security Capital Corp, moved into a space by aquiring Default servicing LLC, Another lender, Stewart Lender services aquired PMH Financial…

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Added by Robert Moreno on August 3, 2011 at 2:22pm — 1 Comment

Urgent Breaking News: California SB 458 Passed | Realtor Short Sale Designation

This is HUGE!

Effective, 15 July 2011!

Governor Jerry Brown signed into law SB 458 prohibiting banks, servicers and lenders from pursuing home…

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Added by Robert Moreno on July 18, 2011 at 10:36am — No Comments

SHORT SALE 2ND LEIN NO LONGER CAN SEEK DEFICIENCY JUDGEMENT FROM SELLERS IN CALIFORNIA

 

FROM THE DESK OF THE MORENOWORKGROUP:

A new law signed by Jerry Brown in California has now made it easier for Californians suffering from the Real Estate dip to short sell their homes. The new law prevents the second lein hold nor the investors behind them, including any insurer to seek any type of deficiency judgement against the seller once the deal is closed. 

 

HERE IS THE LAW FOR THOSE WHO CAN NOT SLEEP AT NIGHT (like me).

 …

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Added by Robert Moreno on July 16, 2011 at 11:08am — 1 Comment

Why banks need Broker Price Opinions, BPO's

This year I have been completing numerous BPO's for homes in my area. BPO is an acronym for Broker Price Opinion.  Broker price opinions are a valuation service that real estate brokers can offer to banks.  Performing these BPO's has only strengthened my ability to properly assess how much a property/home is worth in today's market conditions.  Completing BPO's in local cities like Janesville, Milton, Beloit, Evansville, Elkorn and Madison has given me a unique view into the intricacies…

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Added by Michael Collins, CDPE, SFR on July 1, 2011 at 10:30am — No Comments

Foreclosure Starts at Lowest Level Since 2008 CALM BEFORE THE STORM?

Foreclosure Starts at Lowest Level Since 2008

by Alexis McGee on June 6, 2011

For some reason, the press…

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Added by Robert Moreno on June 8, 2011 at 6:30pm — 1 Comment

NO TO QE3 OR JUST A STRATEGIC WAIT?

cont. .......I was having a conversation with my son about the housing economy the other day and he brought up Quantitative Easing ...or QE3. I had never heard of this term (QE3 or QE2) , I am ashamed to say until he brought it up. I knew about the FEDs plan to print more money and use this strategy to slow down the hemorraging that was happening in our economy. Yet I never heard it described as quantitaive easing.

 

So my little baby boy (32 years…

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Added by Robert Moreno on June 8, 2011 at 4:00pm — No Comments

IS QUANTITATIVE EASING AN ANSWER TO THE STRUGGLING HOUSING ECONOMY?

 

I was having a conversation with my son about the housing economy the other day and he brought up Quantitative Easing ...or QE3. I had never heard of this term (QE3 or QE2) , I am ashamed to say until he brought it up. I knew about the FEDs plan to print more money and use this strategy to slow down the hemorraging that was happening in our economy. Yet I never heard it described as quantitaive easing.

 

So my little baby boy (32 years…

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Added by Robert Moreno on June 8, 2011 at 4:00pm — No Comments

Hot New BPO Company You Should Check Out & Sign Up With Today!

Hi there everybody,

As a certified real estate instructor that specializes strictly in broker price opinion education, I try to stay on top of industry trends. As such, I have been following a company for the last few months called, StreetLinks. They are a major AMC provider and soon to be provider of BPO orders nationwide .

I…

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Added by Nicole Ocean on June 2, 2011 at 2:52pm — No Comments

Blast BPOs - Dumb and Dumber

Earlier this year I had a scare when my 3yr old daughter started sneezing and later coughing up blood. I did my best to keep my cool, but I inside I was freaked out. What I needed as I drove to Kaiser was an accurate diagnosis of what was wrong so we could make the…

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Added by Justin Richards on May 26, 2011 at 6:50pm — 5 Comments

Pay to Play? Show me the listings!

Pay to Play? Show me the listings! 

I've been selling REOs since 2004.  Since the very first one, I have never signed up to sell for companies that have given me listings.  Somehow, they managed to find me out of the 100s of Realtors in my community.  I've always found that…

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Added by Mike Cooper on May 20, 2011 at 3:15pm — 6 Comments

Breaking News: Defaulted Owners Living Payment Free For 900+ Days

New evidence is out from RealtyTrac (and CNBC) that the banks ARE sitting on homes that…in a normal world…would of been long since been…

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Added by Robert Moreno on May 20, 2011 at 2:17pm — 1 Comment

Tell Congress: 20% Down Payments Put the American Dream Out of Reach

Can new home buyers afford a 20% down payment? Could you? Can you envision what this will do to limit the buyer pool  if new regulations governing Qualified Residential Mortgages (QRM) take effect this year?



Neither can we. And neither can many elected officials in Congress who did not intend for these regulatory provisions to be so narrowly defined. We must continue our efforts to explain how detrimental the new QRM rules would be to the ongoing housing and lending crisis in…

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Added by Robert Moreno on May 18, 2011 at 12:28pm — 1 Comment

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