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"Report her to the mls for what? Lowering the price too much and too often? I don't see what they can do about that. This is a common short sale tactic that takes the proactive approach vs the reactive approach of just sitting and waiting for an…"
"This has been the trend for some time now and the blame lies with the agents that kept and keep accepting these. That's why most brokers I know have BPO teams set up. The only way too make it worthwhile is to do bulk and sub the work out. To do the…"
"If your referring to me, then yes I filled it out and submitted it. I didn't want to take any chances since it was so tough getting in.
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"I called them after getting it because I was concerned since we just recently got approved. All direct brokers should have gotten that email. They're just doing a review."
"We never got that email during the approval process. This is the first time we're getting it."
"We are direct and we got the same email last week.. Fannie typically adds agents when their current ones aren't getting the job done. It's all about ratings.. We just became direct a few months ago and their process is alot more in depth then the…"
"It was Fannie. When they send a listing the email comes with the headline....BPO Order, Case Pxxxxxx"
"We just became fannie direct this summer and we didn't get any notification before our first listing. We just got an email for a BPO and it turns out that's how they assign their listings.
We also got that SAP email this week and it concerned me…"
We also got that SAP email this week and it concerned me…"
"That's old news..That's why you have to do your research before you do any work for these companies...Lesson learned!"
"Here in NJ the major banks just got approval to move forward with uncontested foreclosures. They have been unable to do so since December 2010. Got my first, new, REO listing this week. It's the first in 2011 after closing 65 last year. I'm curious…"
"Lol, not happening in my area. The only thing moving is reo's and short sales."
"I'm not worried about it being reassigned as I know it's part of the game. In fact that's how I got my start in this business. I'm just trying to strategize how to keep the account since this was my first listing with them. Thanks for the feedback."
3 months ago I got a new account out of the blue who gave me a listing. Did all the pre-list tasks and then the bpo which came in at $450k. (reo is 5 miles from my office and 3 miles from my house so I know the area well.)The appraisal came in at…
"They found me on Equator also and in my area they are starting to outsource to that same company which I believe they own."
"I don't know if any of you are seeing this but for some time now these appraisals have been severely off. I had one property where i did the BPO that came in at $120k and the appraiser came in at over $250k. The property ended up selling for $127k.…"
"I'm on the opposite side of the spectrum than you. I turn down about 10 bpo's a day. I just don't have the time and when I do the pay just isn't worth it anymore. I do want more REO's but to me bpo's just get in the way of getting them. Once I…"
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Comments
Do you work with other companies like Home Telos? If so, Are you willing to share your contact? I'm trying to reach out to more vendors for business. Thanks for your time :-)
I have try up loading this video on the site but have not been able. I see you just loaded a that great CFKs video from youtube. Any help would be great. This is the video from youtube I was trying to upload.
https://www.youtube.com/watch?v=qbUk4H3FRMw
Thanks,
Where are you located in New Jersey?
How are you doing with the bpo?