Michele DeVito replied to Michael Collins, CDPE, SFR's discussion Which BPO company gave you your first REO listing?
"I did get my first REO from the ordering company(Bank) for the BPO and got my 1st REO listing. I was stating on my BPO's I work REO's and figure that is how they assigned me 3 listings within 2 weeks, this was 2 months into my start of doing any…"
Jun 30, 2011
Michele DeVito commented on Jesus (Jesse) Gonzalez's blog post Affiliate Broker’s REO Career Destroyed by Their Managing Broker
"I will share my experience, so you all know what I did in a similar situation.
I was with my 1st Broker for 6 years. Things started to go array, I did have him sign me up to a number of websites, etc. But I kept the passwords, the accounts were in…"
Feb 26, 2010
Michele DeVito replied to Gail Jackson's discussion GRP financial
"Yes, all deals from GRP will remain as long as they are under contract from what I understood. SPS is bad news, they take 33% fee off each closing....... However, as a Buyer Agent on an SPS asset, they usually pay 4%, so the total is around 7% which…"
Nov 10, 2009
Michele DeVito left a comment for Richard Lawler
"hi Rich, I must say, the first door I went to over 2 yrs ago listed right away, and then averaged about 5 for every 10 assignments afterwards. I don't encourage them, they all told me they wanted to sell. Then I told them it was great for them that…"
Nov 10, 2009
Michele DeVito replied to John J. Keitzer's discussion National Default Servicing, LLC
"Hi John,
I have 3 in prelist with them now. I was referred to them by another Agent. They handle the preservation directly so you don't have too. As far as rehab, I do not know yet. They use dispo as their platform but are changing it this week to…"
Aug 24, 2009
Michele DeVito replied to Ronnie Dwyer-Williams's discussion Providing Free BPO's for USRES
"Lisa,

I was given her name by others at the company. They also gave me the 'head' supervisor for the entire company, and also had dealings with the 'head' supervisor for listings. I only sent her an email, after one of my AMs gave me her info. I…"
Aug 23, 2009
Michele DeVito replied to Ronnie Dwyer-Williams's discussion Providing Free BPO's for USRES
"Since Sept of 08, I had done 59 BPOs for USRES for free. They will pay you also if you request it, but it won't entitle you to receive REOs if you do. Well, I was given 5 REO listings within 6 months. They stopped requesting BPOs from my first REO…"
Aug 23, 2009
Michele DeVito replied to Carlos H. Silva Sr.'s discussion Got My Foot In The REO Door How Do I Keep It In There!
"I think if there are issues of legal nature then yes, but there are other ways to knock out the REO heavy hitters not performing 100% for assets they handle.

One would be to market to an AM you are currently working with, giving them a referal…"
Aug 23, 2009
Michele DeVito replied to Steve Adkins's discussion Email from REOTrans... and Not a Member.
"I might have an answer for you. There are a few other companies that use the REOTrans platform for some of their BPOs. If your signed up with these other companies directly on their sites, once in a while an order will come thru REOTrans. Even if…"
Aug 23, 2009
Michele DeVito replied to Richard Lawler's discussion W-M Realty Services BPO
"They have been around. They get very few in my NJ areas but I had done a few w/in the past year, and it took them about 5 months to pay. They 'supposedly' assign listings, but I do not ever see any in my areas. I stopped working for them and…"
Aug 23, 2009
Michele DeVito replied to Margaret Loudermilk's discussion Regarding Latest "Ask the AM?
"Doing for free has a price too, it's called getting in the door and getting a listing........just my 2 cents......"
Jun 15, 2009
Michele DeVito replied to Cash McKnight's discussion Help with RealTrans (Ocwen)- BPO Status - Further Research Needed?
"are you forgetting the map maybe?? not making sense......"
Jun 15, 2009
Michele DeVito replied to Cash McKnight's discussion Help with RealTrans (Ocwen)- BPO Status - Further Research Needed?
"Yes, make questimates based on size of square feet, same model comps, etc for room counts. Do not leave that blank, in your notes, place "All rooms counts were based on estimation from size of home, no MLS history available for exact measures" That…"
Jun 15, 2009
Michele DeVito replied to Cash McKnight's discussion Help with RealTrans (Ocwen)- BPO Status - Further Research Needed?
"Ocwen is one of the best companies I do BPOs for. I have only had 1 instance for 'Further Investigation". This can be a few different reasons. Here is how I complete them, I pull tax records and search MLS history on all address's. I then do a map…"
Jun 15, 2009
Michele DeVito replied to Michele DeVito's discussion Short Sale Experts Advise Needed ASAP
"Thank you both! I am working on them now. I learned from this, so I will be carefully working all my shorts direct again. I will keep you posted as to what outcome is....thanks again!!"
Jun 15, 2009
Michele DeVito posted a discussion
Thank you for taking out time and reading this.I have 2 situations, which I thought I would share to get some expert opinions from you all. Both files are placed with an Attorney who stated they do Short Sales daily, keep in mind when…
Jun 13, 2009
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