Michael Babbitt

Michael Babbitt commented on Michael Babbitt's blog post USRES BPO to Listing Ratio

"HI Lisa, I stopped doing BPO's for USRES a while back. I was told by a representative at USRES that since everyone was trying to get in the REO business and they were being told BPO's are the way to get yoru foot in th door they had been bombarded…"

Michael Babbitt posted a blog post

Payments and Promissory Notes for Second Lienholders in a Short Sale

Payments and Promissory Notes for Second Lienholders in a Short SaleThis questions was asked by someone in a different listserve that I belong to but would like to share with this group and get your take on it. I have included the original question…

Michael Babbitt replied to Mandy Kruse's discussion Need Help with Bank of America/ Equator!

"The problem we have ran into with Bank of America and escalating it is that when you request an escalation they usually assign it a new negotiator and restart thier so called 30 day review clock that each phase is supposed to get. Which drags out…"

Michael Babbitt commented on Michael Babbitt's blog post USRES BPO to Listing Ratio

"Thanks for everyone’s comments. According to USRES they are seeing little inventory coming in, but based on the number of clients requesting BPO's they hope for a strong 4th quarter. I think part of the problem is an abundance of REO…"

Michael Babbitt posted a blog post

USRES BPO to Listing Ratio

We have been doing BPO's for USRES for a while and when we first started they had a 10:1 ratio. Meaning if you did 10 BPO's you would be assigned a listing. Then in May they said because of a lack of inventory they were changing it to 15:1. Now we…

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Comments

Anja Howard March 10, 2010 at 5:33am

Thanks for the request. I hope 2010 brings great success for all of us working hard in this market.
~Anja Howard
Addie D Scharff December 16, 2009 at 11:38am

Thank you for connecting, Michael! HAPPY HOLIDAYS!!

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Birthday:

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Michael D. Babbitt Tel: 503-770-0355 Fax: 503-406-2116 Email: michael@michael-babbitt.com

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