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On April 25, 2022 Dan Margolies with KCUR 89.3 (NPR) said a federal lawsuit in Kansas City is challenging the real estate practice of having home sellers pay commissions to both brokers in a real estate transaction. Plaintiffs are alleging real estate brokers have conspired to force/require home sellers to pay buyer's agents, in violation of federal antitrust laws. To read more, visit: …

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10439172460?profile=RESIZE_710x After 17 years being active and passionately serving in the BPO and REO industry and with much thought and consideration, I have decided to retire and sell both BPO Automation Group and BPO University to my long-time software developer Claro Briones and his wife Celene. They will be taking over and continuing my legacy.

Today marks an eventful and emotional day for me, my family…

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RESNET

Does anyone know which companies are still using RESNET for REO?? Doesn't seem like they have as much inventory as the other REO platforms 

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Received a note this week from Radian on the RedBell Platform BPOs - they affirmed not to use auto accept software and NO outsourcing of the BPO work.  For most of us here this is the standard and has been for many years. I see many agents through crowing about having BPO data mills to do the work. My clients expect that I do my own work which I have done for all these years. It was good to see them on this issue. 

 

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BPO's

Don't you just hate it when you're entering a comp and it changes status to sold during your typing?  How about when the days on market are less than 1? LOL Things are really heating up in southwest Florida.  Can't keep up in more ways then one.  

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WHERE ARE THE REO'S

 Is anyone getting REO's in their areas?  I am in Dallas - Fort Worth area and it is pretty dead here.  Nothing!!  HUD has only 22 properties in the entire state.  One of my clients told me that their business is pretty dead as well and they have now gone to the "Fix & Flip"  career.  Client stated that their banks are keeping REO, refurbishing them and renting them.  I think this may be what is happening to many.Our auctions are being overrun by flippers.  They are outbidding the banks.  I…

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1 Reply · Reply by Irwin B. Wilensky May 6

Nationwide Advantage: formerly Nationwide Management???

I just received an email from Nationwide Advantage, located in a building in NYC. The logo is one you can buy from IconFinder and I can find no business listings under this name. (below) Is it the same as Nationwide Management that was trying to get money and based in Florida?  BEWARE!  Hello, We're actively looking for an experienced REO listing agent in your area. You were referred over to us by one of our lenders and during this time we have an assignment that needs immediate attention. If…

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2 Replies · Reply by Gina Mar 28

BPO Autofill Software Automation Testing

Hi Everyone, I created software that will autofill your BPO forms.  I decided to create the software in order to get faster doing BPOs.  I tried automation, streamlining processes and organization hacks and it was still taking me too much time to turn the BPOs around.  As you know, the longer it takes to do a BPO then the less money you make per hour. I needed for the software to fill out more of the BPO form and also do some calculations.  So in order to get what I needed out of automation I…

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4 Replies · Reply by Rhonda Eaves Feb 23

The Nation's Largest REO & Default Network

Since 2008, the REO Pro Network is the nation's largest professional social network for default industry professionals with over 16,000 members nationwide. Join today, it's free!

Cash Me Out The Door is our exclusive new iBuyer program designed to help members sell homes with our approved investor partners.

Benefits of Joining the REOPro Network.

  1. Online searchable database of REO industry professionals. 
  2. Access to 2064 Blogs and 2961 Forums.
  3. A list of 41 REO / BPO companies our members have worked with.
  4. Cash Me Out The Door - REOPro's cash offer portal. 
  5. Your personal "My Page" REO Social Media Hub. 
  6. Did I mention, it's FREE!

What's Everyone Up To?

Rose Mencia replied to Medina J. Kerton's discussion Nationwide Management LLC, Orlando Fl-Has anyone worked with this company and got any listings or is this a scam? They charge $399 per listing
"Scam 100%"
Sunday
Diane Laino commented on Jeff Furniss's blog post RESNET
"they talked me into joining last years saying there was many REO's coming it's almost time to renew…"
Saturday
Jenie Mara posted a discussion
Do you want to be successful in Real Estate? then Hire a Rockstar Real Estate Virtual Assistant.…
Friday
Susan Paige commented on Nicole Ocean's blog post Top BPO Companies For 2022
"Thank you so much. I used to do BPO's while in Maine. Now I am in Florida and talking to new agents…"
Thursday
Kristine LaDue-Klink posted a discussion
Don't you just hate it when you're entering a comp and it changes status to sold during your…
May 11
Irwin B. Wilensky replied to Debbie Darwin's discussion WHERE ARE THE REO'S
"Unfortunately, yes"
May 6
Lateviha McNatt and Rose Arnold joined REO Pro Network
May 4
Michele Hansen shared a profile on Facebook
May 3
Jesus (Jesse) Gonzalez posted a blog post
On April 25, 2022 Dan Margolies with KCUR 89.3 (NPR) said a federal lawsuit in Kansas City is…
Apr 29
Anna Safonova, Sheryl Morehead, Anthony J Paoletti and 3 more joined REO Pro Network
Apr 29
Nicole Ocean posted a blog post
After 17 years being active and passionately serving in the BPO and REO industry and with much…
Apr 25
Ellen J. Becker commented on Jeff Furniss's blog post RESNET
"LRES"
Apr 21
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