Thomas Bohlmann replied to Stephan K Black's discussion Nationstar Lists a property offers 1% commission to selling agent
"This is not for normal listings. Most are in not the best of shape.   but to take pics, enter a small description and up load to their auction site.  Unlock the doors two Saturdays for puplic showings.

Cash or Conv offers only.  Priced for quick…"
May 11, 2015
Thomas Bohlmann replied to Vitaliy Mikshanskiy's discussion FREE BPOs
"Since I posted on May 16 until now May 23.  I have done 1 BPO and received two more REOs.

A big part is not what you pay, but what your history of BPO, REO / distressed property work has been. 

Agents may think they are GIVEN REOs,  not quite you…"
May 30, 2014
Thomas Bohlmann replied to Marvin Von Renchler's discussion WAR STORIES---tell us about your crazy or dangerous BPO work
"Over the past 20 years there were too many.

A few

Stills,  Yup no big deal any more unless they are dairy farm size

Meth labs, About 1  a year.  Just call the local Sherriff's office.  Don't use 911.  those are monitored by crooks

Wild dogs in…"
May 30, 2014
Thomas Bohlmann replied to Vitaliy Mikshanskiy's discussion FREE BPOs
"Isn't it $750 Now?

I paid for the premier service and bought banner adds for most of my area or just about $1200 total

I have completed 15 BPOs for no pay, and have received 6 REO listings,  My first listing sold and closed in 45 days with over…"
May 16, 2014
Thomas Bohlmann replied to Herman L Dawson's discussion REO Listings
"Not a thing.

REOs are down across the county do to the mortgage industry restructuring in 2013.  Thanks to Dodd-Frank regulations.

More should be coming up starting Q2 this year.  All of a sudden I am getting more and more requests for pre REO…"
Apr 7, 2014
Thomas Bohlmann replied to Colleen's discussion Auction.com
"The auction web sites IMO are wholesale venues to sell under valued properties.  Also keeps them out of the MLS for Fair Market Valuations.  Which I think is a good thing.

I personally track many homes on Auction dot com to watch when they are…"
Apr 7, 2014
Thomas Bohlmann replied to Colleen's discussion Auction.com
"May want to think and look at a upfront buyers fee to represent  buyers on any of the auction web sites.
Plus let the buyer know that there are additional fees, Buyers Premiums and Technology or web fees.

Several of the so called listed properties…"
Mar 31, 2014
Thomas Bohlmann replied to David L. Hennigan's discussion BPO/REO Auto Acceptors
"BPOs are sent out to Agent's that are ranked highest to lowest in any area.

Ranking is by the number, turn time and quality of your previous work. 

So if you have never done any for a company, don't expect to use a capture system, or automated…"
Dec 21, 2013
Thomas Bohlmann replied to Crystal Atkins's discussion What are the best companies for REO assignments? Has anyone worked with First American and received an reo listing?

IMO do not pay for REO listings / referrals.
 
A good company will find you.
 
I receive calls companies just by being listed one this web site, REOPro, RESNET, and rBPO with NAR.
 
Along with that, the requests I do get are for far more then just…"
Nov 15, 2013
Thomas Bohlmann replied to Israel Gonzalez's discussion Who's Getting Educated In Commercial REO's?

 
Been doing some small commercial for 10 years now. 
 
Land, small office buildings,
 
Have had a big call for churches valuations last year.  Think it was 10 or so.  Declined those.
 
half way through my CCIM now. 
 
 
 
 "
Nov 15, 2013
Thomas Bohlmann replied to Cindy Billman, SRES ®, SFR®, CDPE's discussion REO/BPO COMPANIES THAT DON'T PAY
"Many companies pay the first week of the following month of the work you have done.
a few companies pay the first week of the second month or 30 days out.
a few companies pay weekly for the work you have done that week.
I have starting to ask the…"
Nov 11, 2013
Thomas Bohlmann replied to Judy Nolin's discussion Anyone do business with any REO company's that you would refer?
"Single Source is one of the better AMCs
 
REO listings are a bit shy right now ( Nov 2013) from all the AMCs.
Hedge funds gobbling up right now
 
Good Luck
 
 
 "
Nov 10, 2013
Thomas Bohlmann commented on Jesus (Jesse) Gonzalez's blog post REO isn't Over and I have the Proof.

Jesse
 
This very true.  I see this all the time in and around North Carolina.
Several Investors and myself have attempted to buy many of these defaulted and vacant homes for CASH, but no luck.
All we seem to get is the so called "facilitator" who…"
Nov 10, 2013
Thomas Bohlmann replied to julio saldana's discussion Clear Capital background check and its $39.50 charge to do so.
"I paid and for the CC back ground check.  And I agree with all the personal information at out finger tips, it was a good idea.
 
As a result, I get 10-12 orders per WEEK from CC. Rates paid are slightly higher too. So I can pick and choose which I…"
Nov 3, 2013
Thomas Bohlmann commented on Marvin Von Renchler's blog post Selling 3 out of 100 short offers--what do you guys think?
"My short sale ratio is fairly good.  I always ask the bank, or have the negotiating attorney ask the bank, "what they will accept?"
 
Once we have an amount from the bank, we will not accept any offers less than that amount. 
Also it will depend on…"
Sep 3, 2013
Thomas Bohlmann commented on barbara scarbrough's blog post Auction companies are making big money off of YOUR WORK, while you make pennies!!
"Should the complaints go to your State Realtors Board ?
 
Also has anyone tract some of these properties that went to an auction web site?   I tracked about a dozen this past spring and summer.  Not one closed.
 
Properties sit vacant and the BANK…"
Sep 3, 2013
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