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BPOA LogoThe Leader in BPO Automation
Software Since 2009 

HUGE News About Our New BPO AutoFill Software!!!!!!!

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We are a technology company that strives to be on the cutting-edge of all that we do and with the products that we offer. Since we invented BPO AutoFill software in 2009, we have learned a whole heck of a lot about our business, our subscribers needs, changes in the industy and have taken it all to heart.

We are SUPER proud to announce that we are starting to work on a new version of our BPO AutoFill software product. Although, we officially start work on October, 2nd 2017, this project is something that I have been working towards for years.

We anticipate releasing it very soon as we are currently in beta testing of the new, improved BPO AutoFill software and can't wait to see this dream come true!

More news to follow and we can't tell you all of the exact details just yet but know that this is going to be HUGE!!!!!!

Sincerely,

Nicole Ocean

  

BPO AUTOMATION GROUP-CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

  

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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 All Rights Reserved, BPO Automation Group LLC, © 2009-2018

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In Florida, We're Having a Heat Wave This Winter At The Beach!

Enjoy Sizzling Savings When You Subscribe Today to Save 70% Off!

 

Get 70% Off When You Subscribe

Click to Signup Today!

Agent Testimonials

”I have been using BPOA for a few years now and couldn't be happier with the programs available from this great company. I use the AutoFill software for my business. I am able to be much more efficient and provide a much better price opinion to the companies I do work for.

Customer service is great at BPOA. The Tech staff stays on top of any changes that might occur with the various companies they support. Nicole and the gang are constantly improving and modifying the products they offer. From the owners on down, this is a great company to do business with.....“ - Mr. Robert Ceballos, Home Team Realty, Houston, TX

 

”I have been working with Nicole Ocean at BPO Automation Group for several years now and have enjoyed great success in using the automation software in my BPO business. Nicole stays on top of changes in the industry and has done an excellent job of adapting the BPO AutoFill software as needed to stay current and relevant.

In addition, the company Tech Support system is easy-to-use and staff responds in a timely manner to provide resolution to software issues and answer questions. The software is easy-to-use and the Group website (Member's site) is stable and secure and has rarely been offline in the past several years.....“ - Mr. Dana Yarbrough, Value Realty, Cordova, TN

Have Questions, Reach Us At: 360-223-2482 ext. 1

 

BPO AUTOMATION GROUP- CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

 

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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Special Video Announcement12/14/2016

 

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 Doing Your Fannie Mae and/or Equator Orders By Hand?

There is a Better Way With AMNForms and Our 90% BPO AutoFill Software!

Watch our video announcement 

We've found the perfect way to help you automate filling in 90% of your Fannie Mae AMN BPO orders as well as Equator's BPO and MMR orders,  letting you complete data-entry in as little as 5-minutes.

 

Subscribe to our Enhanced Plus iMacros 10 product and Get 30% OFF for 1 Month*

*Click on the button below and use the coupon code: SAVE30

SubscribeToday

 

P.S. When you choose to subscribe to one of our Enhanced Plus AutoFill software products, you will get 30% off of your total subscription price for 1 month (Max Value: $82.80) Other one-time fees may apply. For full offer details please call us (Offer Expires Dec. 31st, 2016). You will also need a seperate subscription to AMNForms.com to automate Fannie Mae AMN HECM forms and Equator forms.
 
Please call us with any questions you may have at: 360-223-2482 ext. 1 

  

BPO AUTOMATION GROUP- CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

 

BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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Special BPO AutoFill Software Offer09/29/2016

 

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Are Your BPO Orders Scaring You?

Bite Back With Our Improved BPO AutoFill Software!


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We want to give you an opportunity to enjoy to our Improved Enhanced Plus form-completion software that fills in 90% of your BPO and REO forms automatically, letting you complete data-entry in as little as 5-minutes.

 

Subscribe to Any Enhanced Plus Products and Get 50% OFF for 1 Month*

*Click on the button below and use the coupon code: BITEBACK

Resubscribe Today

 

P.S. When you choose to subscribe to one of our Enhanced Plus AutoFill software products, you will get 50% off of your total subscription price for 1 month (Max Value: $99.50) Other one-time fees may apply. For full offer details please call us (Offer Expires Oct. 31st, 2016)
 
Please call us with any questions you may have at: 360-223-2482 ext. 1 

 


Warmly,

Nicole Ocean

Founder/COO

BPO Automation Group LLC

  

BPO AUTOMATION GROUP-CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

  

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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 All Rights Reserved, BPO Automation Group LLC, © 2009-2016

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Industry Announcement • January 27, 2016
Learn More About BPOA

 

 BPOA LogoThe Leader in BPO Automation
Software Since 2009 

 Are You Working For The Companies That Matter?

Since 2009, my team and I have been very fortunate to have worked with thousands of BPO & REO professionals all over this great nation. During these last 7 years that my software company has existed, I try to do a special blog posting once a year, where I give my top 10 favorite BPO mills or companies that I recommend that people sign up with to do BPO work.

Below you will find a list of my absolute favorite companies. Know that I am using my own industry experience as well as that of many of our software subscribers.

Nicole Ocean, Founder of BPOA

Here is my Top 10:

1. Altisource

2. Proteck

3. RRR

4. Clear Capital

5. eMortgage Logic

6. BPO Fulfillment

7. Servicelink

8. Specialized Asset Management

9. Solutionstar

10. SWBC (fka: Equi-Trax)

 

Bonus: Honorable mention goes to: Single Source Property Solutions

Top BPO Portals: Res.net and Equator

 

There you go! Please note, I choose the above companies because they all have a combination of being:

  • A stable company
  • Around and in business for years
  • Able to maintain a positive reputation in the industry overall
  • Having a high volume of BPO work across the nation
  • Smart enough to have adopted the NABPOP's BPOSG
  • Seen in the industry as a good company to work for.

To wrap this up, I can guarantee that if you are signed up, with more than one of the above companies (and don't have all your "BPO eggs" in just one basket, you are more likely to be successful in this niche business)

Not Signed Up With All of the Above Companies Yet?

We've made it easy to sign up with the companies listed above in our FREE BPO Companies Directory. Click here to go there now!

I hope you enjoyed reading this posting and if you have any questions, I'd be more than happy to help. Simply post a comment below!

Warmly,

Nicole Ocean,
Founder & Owner
BPO Automation Group LLC

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 All Rights Reserved, BPO Automation Group LLC, © 2009-2016

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New BPO Automation Forms & Features
 

This is Nicole Ocean, with BPO Automation Group!

I'd like to take just a few minutes of your time to tell you about new stuff that we've been doing. Just in case you haven't heard.....my development team and I have been busy brewing up lots of tasty, new BPO automation concoctions in the last few months.

 Call us to learn more at: 360-223-2482 ext. 1

We now offer our '5-Minute AutoFill' solutions for:

Call us today at: (360) 223-2482 ext. 2 to talk with my support team learn more about our newer add-on products, or click here to schedule your setup session right now!

Nicole Ocean

Founder & Owner

BPO Automation Group LLC

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EXCITING NEWS!

BPO Automation Group, LLC has just completed the sale of its software, Order Central, to the firm of Order Capture, Inc. This change will result in the ability of each firm to focus solely on one product. For BPOA the sole product will be its very successful AutoFill software. For OCI, the sole focus will be on enhancing the capability of Order Central software by adding new tasks to its capture capability and improvements to the software itself. The staff of Order Capture, Inc. includes Steve Lorimer, BPOA's former part-owner/Sales Manager, and the original Order Central development team with some added members.

The pricing, cancellation and refund policies, along with the software tasks and most of its capabilities have not changed, thus the software you have experienced at BPOA will continue to reliably capture orders for you. But, you will need to sign up for your credit card billing at Order Capture.com and download the slightly revised software.

All BPOA customers, upon transition over to Order Capture, Inc. will continue with their pricing plan that has been in effect at BPOA. This pricing will continue at Order Capture, Inc. Moving over to Order Capture, Inc. from BPO Automation Group is easy and should only take a few minutes. You should do it as soon as possible to avoid future disruption of service. If you have any questions or concerns about this move, please don't hesitate to contact either Steve at: support@ordercapture.com or support@bpo-automation.com.

Here is how to enjoy a quick and easy transition to Order Capture, Inc:

1. Go to www.ordercapture.com and browse for awhile, then click on the ‘Start Today’ tab. When prompted for the license key that you have had assigned to you at the BPO Automation Group there are two choices:

   * Click on the ‘Key Look Up’ tab and enter your name and email address. This link will provide your license key quickly and easily so that it can be copy and pasted into the license key prompt.

   * You can go to the Settings tab within Order Central to see your license key. It is a long code that looks like ABCD-EFGH-IJKL-MNOP-QRST-UVWX-YZTA. This would have also been emailed to you when you first signed up for Order Central with BPO Automation Group.

2. Select whether you are primarily a BPO agent or appraiser and click Submit. You will be directed to a secure billing screen for entry of your credit card information. For security reasons, we are unable to transfer your credit card information automatically from BPO Automation to Order Capture, Inc.

3. Upon completion of the billing information, go back to the Start Today tab and click, DOWNLOAD. If you need any help installing Order Central 2.0, please refer to the Installation Guide at: http://ordercapture.com/support/installation-guide/. Follow the directions and your software will be downloaded quickly for your use.

4. Order Central for BPO Automation Group is in version 1.0. At Order Capture, Inc., we have updated Order Central to 2.0 and added some improvements that are mostly behind the scenes. To continue using Order Central, you must install Order Central 2.0. Your account at BPOA will be terminated on June 15th, so be sure to transition over prior to then. Your current version of Order Central will not automatically update to 2.0.

5. Again, if you need any help installing Order Central 2.0, please refer to the Installation Guide.

6. Once you've installed Order Central 2.0, the first time you run it, you will be asked to enter the email address you used to sign up and the password you entered.

7. You should now uninstall Order Central 1.0.

We have taken steps to insure that double billing will not occur during the switch-over from BPOA to OCI. If you see anything that appears incorrect on your next billing statements, please know that you will be issued a refund for any duplicate billings, if any, that are found.

You should find Order Central 2.0 to be very familiar and won't require any relearning. Most enhancements we've made are under the hood. We want to make sure current BPO Automation Group customers are able to transition smoothly before we introduce new features.

Thank you,

Nicole Ocean and Steve Lorimer

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The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

 

 

This group is to discuss Fannie Mae properties with Fannie Mae and to share solutions to getting more business with Fannie Mae or getting in the door with Fannie Mae and to stay up to date on their requirements.

Website: http://reopro.ning.com/group/fanniemae Members:317

 

 

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The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

This group is to discuss Fannie Mae properties with Fannie Mae and to share solutions to getting more business with Fannie Mae or getting in the door with Fannie Mae and to stay up to date on their requirements.

Website: http://reopro.ning.com/group/fanniemae Members: 271

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The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

This group is to discuss Bank of America properties with Bank Of America and to share solutions to getting more business with Bank of America or getting in the door with Bank of America and to stay up to date on their requirements.

Website: http://reopro.ning.com/group/bankofamerica

Members:                            169

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BPO Automation Group

  

Our BPO Company of the Month of August is....Ocwen/Altisource!

 

I woke up this morning and like most day's I start by opening up our Order Central AutoAccept software to check the Stats and see how the software is performing for our customers.

 

When I opened up the 'Statistics' tab this morning, I was SHOCKED! I learned that Ocwen/Altisource is on fire this morning! Our OC AutoAccept software already captured 176 out of 196 orders with this company alone and all before 8:30 am. Please see the image below!

 

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As I talk with BPO/REO agents and brokers all over the U.S each month many of them ask about Ocwen/Altisource and I tell them that this is the MOST successful company in our OC AutoAccept software. I try to let people know just how powerful our Stats are because if they use them they would see that Ocwen/Altisource drops the majority of their orders from 3 am to 8 am nationally.

Many of these same fine folks go on to get a good amount of orders with this company and with the other 15 companies that we offer. We are planning on adding 5 more companies to our software in the next month as well. I'll let you know the companies in my next blog posting.

In case you haven't heard, BPO Automation Group's Order Central auto-accept software has been producing record numbers of BPO orders for BPO & REO agents and brokers nationwide in the last 2+ years. We are one of the few remaining companies to provide real estate professionals with needed software to help in capturing more work as it is getting more and more difficult to receive BPO orders.

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Our network captured over 3,300 verified BPO orders just in the month of July. With faster performance, greater stability, and a ton of new features like address-mapping, remote account-access & detailed capture-logs, Order Central will take that to a whole new level. 

Feel free to give us a call with any questions,

Steve Lorimer

Sales Manager | BPO Automation Group
(360) 223-2482 ext 1 | sales@bpo-automation.com

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About BPO Automation: With thousands of clients nationwide, we're  the #1 provider for BPO form-completion and automated order-acceptance software in the United States. Our focus is on quality solutions that save time, boost revenue, and let you focus on growing your business. Learn More »

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BPO AutomationBPO University BPO Companies

 

BPO Automation Group LLC
PO Box 1325, Ferndale, WA 98248
Tel: (360) 223-2482 | E-mail: sales@bpo-automation.com

COPYRIGHT 2009-2011. BPO Automation Group LLC. ALL RIGHTS RESERVED.

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The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

 

 

This group is to discuss Bank of America properties with Bank Of America and to share solutions to getting more business with Bank of America or getting in the door with Bank of America and to stay up to date on their requirements.

Website: http://reopro.ning.com/group/bankofamerica
Members: 103

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Hi everyone,

 

 This is Nicole Ocean of the BPO Automation Group. I, along with Tim Ventura started the BPO Automation Group in April of 2009. In case you aren't familiar with what we as a company do, let me mention quickly that we are the industry leaders in BPO automation software for BPO & REO professionals nationwide.

 

 After talking with Jesse Gonzalez, the founder of this wonderful forum a few weeks ago, he mentioned that it would be a good idea to touch bases with everyone and let you know more about where we as a company are going,etc.

 

 As 50/50 partners of the company, Tim and I have spent the last 2 years literally in the 'trenches' working side-by-side our clients. We listened to their needs, wants and desires and took all of their feedback and applied it enhancing and improving our products as much as possible.

 

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Everyone who has been involved with the BPO Automation Group has really poured so much of themselves into our cause these past few years, so you can imagine that as I write this, our company has come SOOO far in the past few years!

 

 After reaching a critical point both professionally and personally about one month ago, I purchased Tim's 50% share of the BPO Automation Group. It was a well thought out move and a difficult one to make and in the end it has proven to be a great decision for everyone involved, even for Tim himself. Like all good things in life changes is inevitable and I intend to do the best I possibly can with this change for the betterment of our clients, the industry at large and for everyone else that we effect by what we do.

 

 Tim helped our company in countless ways and we are an organization are forever indebted to him, his efforts and his dedication. Let me point out that BPO Automation Group is still in very good hands! I intend to make sure that BPOA continues to thrive, as well as evolve into an even better industry network and respected organization then it was under different management.

 

 BPO Automation Group is continuing in our mission of always moving forward despite internal changes of company ownership. In the last month our staff has been working diligently to make things even better than they were under different management while Tim was a part of the company.

 

 Here is a short list of priorities and things that clients and potential clients can expect to see from us as a company:

 

 * Increased levels of customer service (Example: Clients can now call our dedicated tech support line during business hours to receive help over the phone.)

 

*  AutoFill as a monthly subscription will soon be available for $59 for 2 users (or 2 computer setups with our AutoFill software) along with a $49.00 one-time MLS setup fee. Addt computer setups will be just $10 a piece per month.

 

* All monthly AutoFill clients will receive all of our Add-on products as well as many new ones like our free Excel-based 'BPO Payment Log.' (This is HUGE!!!)

 

* More Companies added to our popular 'Order Central' Auto Accept software.

 

* More Research and Development in all of the free resources we offer like our BPO Companies list.

 

I'd love to hear any feedback, comments or suggestions you'd like to see with our products too! Feel free to reply to this posting or reach out by emailing or calling me.

 

Here's to everyone's continued success for as long as we are able!

 

Warmly,

Nicole Ocean

Founder

BPO Automation Group

nicole@bpo-automation.com

360-223-2482 ext 2

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New group LinkedIn on REO PRO

I have been on linkedin for sometime, I believe the network can help your business I have been contacted from my profile and have received listings from connections on Linkedin. Feel free to send me an invite today I am always looking to add connections. You can share your email within the group on the wall post for others to be able to invite you as an added connection on Linkedin you will have a chance to be added by all those that are members of this group. I hope this expands to all members on the REO PRO to be conncected on LinkedIn this will give us all an advantage. 
LinkedIn
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The group this week hit a milestone I wanted to welcome all the new members and thank the first members for their posting of comments and keeping the group active and growing.

 

 

This group is to discuss Fannie Mae properties with Fannie Mae and to share solutions to getting more business with Fannie Mae or getting in the door with Fannie Mae and to stay up to date on their requirements.

Website: http://reopro.ning.com/group/fanniemae
Members: 100

 

 

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Don't Steal My Photos Man!


Don't Steal My Photos Man!



Those who have worked with me any amount of time know one of my biggest pet peeves....... DO NOT STEAL MY PHOTOS FOR YOUR LISTING!


As a easier way to keep up with my local market, I have myself set up in the MLS's to get daily updates of new listing as they come on the market, like all good agents should, right? This morning I get my usual 5 or 6 emails from the MLS on new listings and one of them has one of my old REO listings that expired in June that was just re-listed. No problems, I expected the bank to assign a new agent as I had that troublesome property for over a year and was ready to get rid of it.


As I was looking at the report I noticed that the photos looked familiar, so I pulled up my old listing and sure enough, they were my original photos..... ALL of them! There is NO description of the house, no private comments other then “See attached documents”..... which there were not any. And other important information was missing like “No Certificate of Occupancy Issued”, etc. (new construction)


Well, I'm still a pretty good friend with the bank's property manager, so I sent her an email. One to check on her to see how they weathered the current hurricane and to let her know that she needs to tell the agent that using photos from another brokerage is against MLS rules, not to mention it's just plain lazy!


Then I looked up the other listing we had of developed building lots. He did a little better there, but I guess he did not like my photos because it looks like he just rode through the subdivision taking pictures of any open space he THOUGHT was a building lot. The funny part is he had 3 or 4 pictures of properties we SOLD last year that the bank no longer owns! The listing has no information on lot numbers that are for sale. And had a nice picture of a STOP SIGN! Lol


New Construction REO's take more research then a normal listing. And I would have gladly given this agent my folder on this property.... before now. But don't steal my work because you are too dang lazy to take a few photos of your new listing!


I want to say to any asset manager who might read this, PLEASE, PLEASE, PLEASE double check your agents! You have no idea how much liability or lost sales these “Lazy” agents are causing! If you do not have the time to do so yourself, hire an agent in that area to “shop” your listing agents. They will tell you real quick if there is a problem! A quality listing agent will not mind at all if they get “shopped”, it helps them stay on their toes! I welcome it any time!

Steve Adkins - REALTOR®
Better Homes and Garden Real Estate Metro Brokers
Residential - Land - Commercial - NFSTI Certified REO Specialist
5886 Wendy Bagwell Pkwy, Suite 221, Hiram, GA., 30141
404-843-2500, Fax 770-439-4848
"Professionalism, Integrity & Ethics Are A Way Of Life!"
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Alarming News for Short Sale Negotiations

By Ann Bone

http://blog.metrobrokers.com/2010/03/15/alarming-news-for-short-sale-negotiations/#more-1219

(This is posted with permission from my brokerage, un-edited)

I’ve been peppered with questions about a rather alarming article being circulated over the past couple of weeks, written by a well-respected real estate attorney in the Atlanta market area. The thesis of the article is that real estate agents may be committing a felony when assisting sellers seeking short sales by participating in any negotiations with the sellers’ lien holders. This is supposedly because the Georgia Residential Mortgage Act of 2007 requires any person who negotiates mortgage loans to have a mortgage license (which 99% of real estate licensees lack) and that working with the sellers’ lien holders is “negotiating a mortgage”.

Why raise this alarm now, in 2010? It’s being whispered that some (not all) mortgage brokers and lenders are angry at being required to become licensed in Georgia and are looking to make examples of real estate practitioners who they see as encroaching into lender territory.

March 31, 2010 marks the “drop dead” date by which mortgage brokers, mortgage lenders and the independent contractors working with them who solicit, process, place or negotiate mortgage loans for others or who work on renewing or refinancing mortgage loans for others must be licensed by the state or exit the mortgage business. The state and federal exams each applicant must pass are onerous, to say the least. I’m hearing that over 70% of the applicants are not passing either the state or federal exam and having to retest prior to March 31, 2010. It’s high stress time in the Georgia mortgage business, especially for the less reputable mortgage companies.

Why would real estate licensees be suddenly singled out for retribution? Well, could it be that REALTORS, those real estate licensees who join a Board or Association of REALTORS and pledge to adhere to a National Code of Ethics, were supportive of the efforts to force licensure upon the mortgage industry?

Real estate practitioners have been required to be licensed in Georgia since 1925. Anyone printing a business card or setting up a web site could call themselves a mortgage lender until the 2007 passage of the Act. And those active in the mortgage business prior to 2007 were “grandfathered” until the upcoming March 31 deadline.

Coincidental to the 2007 passage of the Act, the mortgage meltdown gained momentum in Georgia.

Reasonable people have discerned that unknowledgeable buyers and homeowners over-borrowed on over-valued properties. No one wants to allow that to ever happen again and the reins have been tightened by all parties involved in the real estate financing transaction – the real estate licensees, the appraisers, the lenders, the closing attorneys and the title companies. Please note that all the participants listed were licensed by the state in 2007 except the lenders.

Please don’t misunderstand me; this is not a blanket criticism of mortgage lenders. The reputable lenders will survive both the licensing process and the current economic downturn.

Today, though, real estate licensees are being threatened with prosecution for listing properties with outstanding mortgage obligations in excess of the current market value and assisting those owners in the process of proving to their lenders that an offer to partially pay off the total indebtedness may be better than forcing the lender to eventually foreclose on the property.

Since when is paying off a loan “negotiating”? And, since most mortgage loans have been packaged, sold and resold, perhaps multiple times, exactly which lender would negotiate with the final mortgage holder of a specific mortgage? The mortgage lender which originated the loan? And are they still in business?

Keith Hatcher, the Governmental Affairs Officer for the Georgia Association of REALTORS (GAR) has stated that it is his opinion and the opinion of key elected officials who serve on the Ways and Means and Banking and Finance committees that it would be a stretch to interpret the Act in this fashion and that this is not the intent of the Act. GAR is, in fact, working with the chairman of the Ways and Means committee to draft an amendment to the Act which would clarify that it is not a violation of the law for real estate licensees to assist in the negotiation of short sales.

__________________________________________________________________________________________

Granted, this story is about the State of Georgia, but because some of the licensing for lenders has federal connects, it may apply to other states. I did get word this afternoon (after this was written) that State Law Makers addressed this issue early today but an official statement should be released soon. More to come as I get it.

This should not be considered Legal Advice in any form, I only wanted to bring this to people attention as we all may be affected by this. Scary to say the least!

Steve Adkins - REALTOR

Better Homes and Gardens Real Estate Metro Brokers

404-843-2500

www.The-Adkins-Group.com

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That troublesome contract!

That troublesome contract!I want to spend a minutes to talk about that “troublesome contract” that you know is going to be problems from the very beginning. You just get that feeling from the very beginning. Everyone in this business gets one every so often, right? Or am I just lucky with more than my fair share?It all started the day before Christmas Eve. I get a call about 3 PM from an agent wanting to show the house to a potential buyer, he’s in the driveway. I tell him about the house and that he is welcome to show the house any time….so he asks me how does he get in? What? I tell him it’s on a Supra lock box, which he could use his Supra key to get in. Then he tells me he didn’t have his key with him. How can you show houses to a buyer without your Supra Key?This agent was expecting me to drop what I was doing and drive 15 miles to open the house because he was not prepared. More on this shortly. Mind you I was elbow deep in auto repairs with the dash of my truck disassembled as I replace the heater core. Needless to say it would take me 2 hours at best to get there. I told him I was leaving town for Christmas the next day and would be back late Sunday, he could call me Monday to set an appointment….which he did. Surprisingly!He calls me Monday morning and we set a time for the afternoon, 2 pm. Good, I rearrange my schedule for the day, no problems. I ask him if he was a real estate agent and if he had a Supra key, he said he was and that his key is broken. Yea OK and that bad feeling starts to grow. At 12:30 he calls me again to ask if he can more up the time, that he was already on the way with his buyer. No problems, it’s a light day and I stop what I was doing and leave the office to meet them.I start thinking this is going well when the buyer walks into the house and starts gasping for breath! She just keeps saying “I love it, I love it”. Good signs from the buyer! I start smiling as I know this trip worked out, the first one like this to ever go my way. The buyer loves the house and they both said that they were going back to his office to write the offer and send it to me that afternoon. As I’m driving back to the office I’m wondering if this was a dream? These “give-me’s” never happen to me! But I’ll take it if it really comes thru.Well, late afternoon the next day I hear from the agent again. He has a few questions so he can fill out the contracts, no problems as I have gotten use to that. Just before leaving the office around 4:30 pm I get the contract. Cool! Full price, no closing cost, 10-day closing….I’m thinking cash deal! Sweet! The asset manager is going to love this as it’s our last REO property in this subdivision. This is a new construction REO and we started with 11 houses in the late spring. This one had some minor issues and no Certificate of Occupancy issued, of course the bank was not going to finish that one small issue. So it has taken longer to sell then the others, and the bank understands why.Ok, back to the contract. I keep reading and there are some minor special stipulations that will need to be removed, no problems. Then there’s a check mark in the contract about an FHA Exhibit (but no exhibit) and then the last page is an un-dated letter of ptr-approval from a lender/broker I have never heard of. I start thinking that a 10 day closing and FHA do not play well together! Again, no problems, I’ll call the agent and get this straightened out before sending the package to the asset manager. I called to ask him is this a cash deal or FHA. If it’s FHA he needed a lot longer for a closing date. He says that 30 days will be fine and that it was FHA and that he left the closing cost blank because he wants the seller to pay ALL closing cost. Then he tells me that this is a Neighborhood Stabilization Program loan. Ok, the last one I did took almost 60 days to close, so I told him that the bank will only agree one closing extension. If he under estimates how long it will close because he has not talked to the lender, the bank can and will find the buyer in default and keep all earnest money. So we agree on a 45 day closing.An hour later he calls back to say that he wants to raise the offer price in hopes the bank will pay more closing cost. We go round and round about this for a few minutes and I tell him to call the loan officer and work out the details and send me a new (and complete) offer. He agrees and sends me a new offer the next day. It’s still not complete, but I can work with it. So I start trying to contact the loan officer to verify the pre-approval letter.After 3 days and 5 voice messages later of trying to reach the loan officer, the agent happens to call me. I tell him that everything is on hold until I talk to the loan officer. I finally reach her the next day (after 3 more attempts). She’s familiar with the buyer but says that the letter was issued more than 2 months ago and she would have to re-verify everything again with the buyer. She did call me back on New Year’s eve to say that she was waiting on the agent to bring her some documents, he was already a day late in doing so.I have not heard from the L/O or the agent yet this week, needless to say I have ZERO faith this deal will ever get to the closing table. I don’t want to say that the agent is unprofessional, but he is under trained and has no supervision.So what’s your “troublesome contract” story? I would like to know I’m not the only one who gets these!Steve Adkins - RealtorThe Adkins GroupBetter Homes and Gardens Real Estate Metro Brokerswww.The-Adkins-Group.com
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