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Cindy Billman, CDPE, SFR, HAFA's Blog – June 2009 Archive (2)

STOP THE GREED

First, let me say that I love this website and it has been a great place to share information with other realtors around the country.

Second, I know most of you are probably sick and tired of the greed that has been running rampant for several years in this industry. I believe in everyone making as much money as possible but I draw the line when the information is being sold that can be obtained for free. So here is my advise and warning.



DO NOT PAY for a list of REO companies,… Continue

Added by Cindy Billman, CDPE, SFR, HAFA on June 26, 2009 at 9:54am — 9 Comments

THE PERFECT DRIVEBY OR EXTERIOR BPO

John Occhi did a fabulous job of describing how to do BPO's (John, did I train you?) I want to elaborate on the Driveby BPO. The Driveby BPO is the MOST critical BPO you will ever do. Most drivebys are pre-foreclosure values. This means the banks need to determine the FMV (Fair Market Value) in order to determine how much to bid for the property at the foreclosure sale. I.E., the bank has a property in default with a principal balance of $180,000 (at one time banks would bid as high as the PB… Continue

Added by Cindy Billman, CDPE, SFR, HAFA on June 19, 2009 at 5:23pm — 16 Comments

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