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The real estate industry is changing. The internet is challenging conventional wisdom as it pertains to selling a home. Consumers now have access to critical housing data, once only available through a licensed agent. Without ever contacting an agent, you can find essential data from your smartphone, such as which homes are for sale or how much those homes are. This shift in consumer behavior is not a new phenomenon. For years now, the National Association of Realtors has studied consumer…

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Breaking Into The REO Industry. Part 2

Breaking Into The REO Industry. Part 2

I am going to pick up right where I left off in Part 1. If you haven’t read Part 1, here is a link for you: https://www.reopronetwork.com/profiles/blogs/breaking-into-the-reo-industry-part-1

As we have discussed, breaking into the REO industry is not easy. From hucksters promising to get your business but failing to deliver to the fact the…

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BPO volume Increase and who originated the loan. Any guesses?

I am a BPO agent first and REO second, I have noticed an uptick in BPO orders sent to me. (Many I don't accept). Has anyone also noticed an increase in BPO volume?I started looking into where the increased orders could be coming from on the assumption it was due to the foreclosure moratorium expiration date on federally backed mortgages coming soon. Or another assumption was a review of the value of certain Tranches. I did a little digging into some of the mortgage loans on the orders I have…

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Want to sell more homes in 2021- Do what I call- the Reverse REO

Happy New Year Everyone,  Thank G*d, 2020 is over! I know alot of us in alot of markets were adversely affected by the pandemic. In contrast the Realtors that pivoted their marketing and selling strategies did even better in 2020 than any prior years. TWO words- RURAL AND SUBURBAN!I know in markets like mine in NYC - urban dwellers fled to "hills" to larger properties and rethought the concept of living in the "cool downtown" areas. You will need to start changing your marketing keywords to -…

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LRES

Let's not continue asking about REO companies on that 2009 conversation. Let's start a NEW discussion for each company.An inquiry about LRES: YES, they do pay. And they are now assigning NEW listings!  YEAH.  I just got 2 that have already gone to sheriff sale.  YEAH!  Both are vacant and already on lockbox.  YEAH!  

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3 Replies · Reply by Frank Popeleski Jan 8

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What's Everyone Up To?

Adam Zagel posted a discussion
I am a BPO agent first and REO second, I have noticed an uptick in BPO orders sent to me. (Many I…
3 hours ago
Nikki Holmes replied to Cynthia McKenna's discussion Pyramid Platform
"With respect to them "wanting you to flip the house for them" that is not the platform. That is…"
Wednesday
Nikki Holmes replied to Cynthia McKenna's discussion Pyramid Platform
"Totally safe. It's getting to be standard practice for many. I am working a transaction with…"
Wednesday
ATX | BPO Outsourcing & Capture posted a discussion
Happy New Year Everyone,  Thank G*d, 2020 is over! I know alot of us in alot of markets were…
Tuesday
Jesus (Jesse) Gonzalez posted a blog post
Banning Realtor Hate Speech 24/7/365
 

As corporate culture goes, most people understand you live…
Tuesday
Patrick Burke replied to Bradley E. Klimaszewski's discussion Altisource
"I use to get 1 - 2 listings a year from them, very easy you do nothing but list it. They do all…"
Tuesday
Robert Thayer, Marsha Thompson, Nancy Braun and 20 more joined REO Pro Network
Monday
James Mathieu replied to James Mathieu's discussion Auto accept and contact information for two companies
"I have told many clients about the auto accept situation and they all also do not condone it but…"
Jan 8
Frank Popeleski replied to CECILIA D FOX's discussion LRES
"Good to hear Cecilia, I had my first one in November, a bit of a ringer. It was vacant, reverse…"
Jan 8
Frank Popeleski replied to Eulonda Martin's discussion Goodman Dean
"They had the BEST and shortest BPO forms out there. My agent got the notice from them a few weeks…"
Jan 8
Frank Popeleski replied to James Mathieu's discussion Auto accept and contact information for two companies
"Auto accept is nightmare. My clients do not want it used. That said I look a ton of work each week…"
Jan 8
James Mathieu posted a discussion
Is anyone else having problems with auto accept ? Cutting into BPO assignments by hacking a…
Jan 8
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