Sad to say but, another one bites the dust. See filing paperwork below.

 

Residential%20Capital%20Bankruptcy%20Filing.pdf

 

Realtors, if you haven't already, you need to be protecting yourself and be sure you are getting reimbursements back on time in full. I am getting flooded by emails from agents who are owed lots of money.....lots of money and they aren't going to see it ever again.

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Comments

  • I learned my $1200 lesson from Evaluation Solutions. Nothing like working for free! <smile>

  • Has anyone ever been asked by any BPO company and the client/bank to sign a legal document to possibly show up in court to validate your BPO report on a Bankruptcy case?  It seems to me if a property is in bankruptcy and can usually take 6/12 months to clear the process and record to move forward, I would assume they would re-order another BPO at that time and not use an older report specially with prices increasing month after month.  Also, if its to be listed, then it should be the listing agent showing up to any court appearances.  Anyone have any thoughts to this?

  • I like this program! I do not prepare any BPO for $40.00, not even if it was a neighbor's property! Seldom anything under $85.00 and up to $125.00. I have worked 5-6 counties, have cut it back to 3 or 4, many orders are for rural areas and I don't work just to break even. Ev Sol had ran up a large bill and I quit accepting orders and had a demand letter sent, they paid me in full  promptly before closing. 30-45 days is most reasonable for receiving payment and an indication it is a good company.

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