Forum

New Assignments in 2011? The year of Liquidations?

Posted by Shawneequa Badger on January 3, 2011 at 8:27am in Sample Title

Happy New Years!

How many of my fellow real estate professionals woke up to the first working day of 2011 with BPO and/or REO assignments in their inbox?

I've received a couple BPOs from PVC, one BPO from ORT and 2 REO assignments from LPS.

Who else is enjoying this New Year? I'm interested in knowing what everyone else's predictions for 2011 will be.

You need to be a member of REO Pro Network to add comments!

Join REO Pro Network

assets, inventory, liquidation, reo

Email me when people reply –

Replies

Muhammad Mushtaq January 4, 2011 at 10:32am

Happy New Year!

I had a few BPOs from Altisource, LPS and AssetVal but no real assignment this year but it is just a start.
- stevetrang > Muhammad Mushtaq February 7, 2011 at 8:16pm
  
  Hi Muhammad, unless you're the go to guy with Altisource, I wouldn't hold your breath. They've gone to single agent models.
Reginald Thomas January 4, 2011 at 9:34am

I sure hope you are all right regarding Tidal Wave etc, ive been hearing same rhetoric for last 3 years, but I fell something has to give at this point, the shadow inventory numbers are staggering....7 BPO orders, 1 new PREO listing that was on pause due to being asssigned on Xmas, ouch...
- Joe Foley, RDCPro > Reginald Thomas January 4, 2011 at 10:12am
  
  1 REO listing from a FNMA Outsourcer...Eval Solutions was blowing up my phone last night...one of the reps over there told me they just got dropped over 5000 BPO requests from their clients.
Pete Babashoff, NRBA, RDC Pro January 4, 2011 at 5:12am

I haven't received any REO's as of yet for the New Year but my email was overloaded with rush orders from Evaluation Solutions. Of course I won't accept any BPO that I don't get paid on. All of my sources say we should prepare!
Dr. Marqueze D. Williams, Sr, NRBA January 3, 2011 at 6:44pm

1 hud 1 fannie. But I think that there isn't going to be a wave more like a tsunami! I am glad I can swim lol!
Nicole Johnson January 3, 2011 at 6:09pm

We received a REO assignment from Single Source on December 30th.
Shawneequa Badger January 3, 2011 at 12:39pm

I think everyone should get ready for the tidal wave because its definately coming according to some sources I have.
Jose Rivas (DGRA) CDPE, SFR January 3, 2011 at 12:38pm

I received one REO from Fannie Mae and one HUD listing from Matt Martin. Happy New Year Everybody! I also had one two settlements today.
- JOSE FREITAS > Jose Rivas (DGRA) CDPE, SFR January 3, 2011 at 3:38pm
  
  Jose,
  
  It is a nice way to begin the year. I have applied for Fannie and HUD (submitted apps a few months ago), but it seems that they are no longer accepting new agents, no response so far. Is there a special approach one should take in trying to get in?
  
  I'm in MA and am trying to broaden my REO source list. I sort of dedicated myself to the REO segment 4 years ago, have been doing ok with just 2 or 3 AM's, but now things have slowed down a lot and I need to branch out. Any info, if possible, would be greatly appreciated.
  
  Best regards.