Our Board send us an "Appraisal Board Advisory on BPOs" where it says BPOs are appraisals and we can be subject to penalties
http://www.njconsumeraffairs.gov/real/agenda/realattch_112712.pdf
Should we stop doing BPOs? I heard from one agent who stated
Read more…Bank of America is forcing homeowners to do a LOAN MODIFICATION on FHA loans before they start to do SHORT SALE..... I do not get this..If my client decides to do short, what is the point for them to ask homeowners to do loan modification? It is like
Read more…If you are a Realtor or short sale negotiator who has done a short sale with Fannie Mae as the investor during the last few months, this blog post will likely raise a question or two. For 
everyone else, it will definitely also raise an eyebrow or two
I was listing properties for American Home Mortgage which then became Power REO which then became Homeward Residential. And now in a conferance call today we were told the sale to Ocwen went through. One thing you can depend on in REO life, nothin
Read more…I’m extremely disappointed after paying the $65 to do BPO's for Brillion. It looked promising when I started doing BPO’s for them. My first BPO was Oct 26th. I was told that they are on a 30 day rotation. So I thought, ‘no big deal’. After 8 BPO’s f
Read more…Hi guys, Is anyone familiar with either of these? I rec'd a call tonight offering listing. Your comments would be very helpful...I've never heard of them. Thanks in advance.
Read more…Got the call yesterday from the company assigned to helping Chrisley figure out the mess they have themselves and most of thier agents in.....The rep said they "do not have enough money to cover the liabilities to the brokers"....Wow, no #&$* sherloc
Read more…I heard from a very very good source within Altsource that they have stopped sending orders in Florida (Florida only as far as I know). They have stated they will use brokers for interior orders only and and that they have gone to a "computer models
Read more…Read more…HAS anyone heard LSI suspending BPO's from agent. Worked with them for 7 years. LSI states i did not address QC requests. spoke to another friend same thing happened to her recently. rumor there is a lawsuit against LSI. Anyone else heard this
BPO Order Acceptance/ BPO Escalated Fees/ BPO Certification
"Effective Immediately: Any accepted order is deemed to have been reviewed by the accepting agent prior to that acceptance and therefore is not subject to an escalation in the fee amount. Fe
We are considering moving from our privately owned real estate company to a national firm. I've been unable to find any information on this topic.
Does anyone know what will happen with our currently REO listings and properties that we have been as
Read more…Especially the ones for Old Republic Default Management Services? OMG. I have never been so outraged at their forms than I have been with this latest FNMA V3 form. Sometimes it tabs up and down, sometimes left and right. Then all of a sudden it f
Read more…Who has issues with this company. I am so tired of doing all the work, my time, my gas and these companies think they can get away with not paying. I signed an agreement with them and they promised to pay within a 60 day period. Of course no payme
Read more…we are doing direct short sales with BOA, Chase, DTS, Skyhill, Greenriver, and soon Stewart/PMH. Does anybody have any other companies they can share.
Kris Kolarich
www.AtlantaForeclosureAgent.com
Read more…Shadow inventory' keeps shrinking
By Inman News, Thursday, January 3, 2013.
Does anybody have contacts for short sale escalations for the following:
BOA, Suntrust, Wells Fargo, Fannie and Freddie
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Does anyone known about this company I am getting a ton of BPO's. with them listed as the Client. I am also then from One West and Iserve. I think these are the companies that bought Assets from BOFA I am not sure if they are going to be giving REO a
Read more…I got 2 payment emails today. One was very large for BPOs dating back to December 4th through the 18th. Still not bad and the other one was for 2 BPOs done on the 11th. The odd thing about the larger one is that it started out with 5 negative $40
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While we are still recovering from the "shock" of Evil Solutions going under we get hit with the news of two more companies biting it. Goodbye to Secured Lending and NREIS. Now, unlike Evil I actually enjoyed SLS and NREIS. A lot. Sad to see them g
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