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Raul Novales's Blog (2)

The next wave

I received an interesting call today from one of my lender contacts. The discussion covered when the next wave of REO properties would be really coming to market. I was informed that many of the banks holding REO's will need to change their accounting reporting and will actually have to show their non-performing assest on their books. They are also taking this time to clean out their Realt Estate Agent data base. The agents that were not performing to their standards will be removed from their… Continue

Added by Raul Novales on December 1, 2009 at 10:08pm — 11 Comments

What do you do after you get approved by an REO Comapny?

This is my first attemp at a blog so I hope this is usefull. I have been approved by a large Asset Management company and the same day my approval was emailed I received 2 BPO assignments. Lenders and Asset Management companies want and need Accuracy and Efficiency. When you receive a new Listing or BPO assignment they give you time lines to complete the work, but if you exceed the timelines you will be rewarded with more business. Remember that you are being graded by them on accuracy, also so… Continue

Added by Raul Novales on November 4, 2008 at 10:27pm — No Comments

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