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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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3 Replies · Reply by LINDSAY ADAMS Jan 19

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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0 Replies

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?

Doug Palin commented on Jesus D. Gonzalez Jr.'s blog post Internet Changing The Way We Do Business
"Interesting, would seem to me to be a good way to discourage cooperation."
9 hours ago
LINDSAY ADAMS replied to Cynthia McKenna's discussion Pyramid Platform
"I have worked with them in the past and had a pleasant experience. I have not been asked to do the…"
Jan 19
LINDSAY ADAMS replied to Adam Zagel's discussion BPO volume Increase and who originated the loan. Any guesses?
"Fair market comps"
Jan 19
Adam Zagel replied to Adam Zagel's discussion BPO volume Increase and who originated the loan. Any guesses?
"Lindsay are the orders asking for REO comps or normal market value?"
Jan 19
LINDSAY ADAMS replied to Adam Zagel's discussion BPO volume Increase and who originated the loan. Any guesses?
"I have noticed a big jump in orders in the last 2-3 weeks. Most of my orders are credit risk…"
Jan 19
LINDSAY ADAMS posted a discussion
Example: What asset management companies are still using Resnet, Pyramid Platform, Exceleras,…
Jan 19
Kanisha Lamothe, Joe Azzolino, Lauri Nannette Strain and 1 more joined REO Pro Network
Jan 19
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…
Jan 15
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…"
Jan 13
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…"
Jan 13
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…
Jan 12
Jesus (Jesse) Gonzalez posted a blog post
Banning Realtor Hate Speech 24/7/365
 

As corporate culture goes, most people understand you live…
Jan 12
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