Blog

Bank of America group on REO PRO reaches 100 members

Posted by Brandon Jordan on August 15, 2011 at 4:50pm

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

Tags: 100, america, bank, pro, reo, group, members, of, on, reaches
E-mail me when people leave their comments –
Follow

You need to be a member of REO Pro Network to add comments!

Join REO Pro Network

Comments

  • Ira Joshua Parker, P.A. November 6, 2011 at 7:21pm
    @Jon Baker, I emailed you a PDF of the H&S Guidelines.  Hope it's not too late!
  • Ira Joshua Parker, P.A. November 6, 2011 at 7:17pm

     



     


    » Health & Safety Checklist


     


    Completed Checklist Examples:


  • Ira Joshua Parker, P.A. November 6, 2011 at 7:14pm
    @Jon Baker, you need to login to your Bank of America Resource Center for the H&S Checklist(s) and you must do them right, or they will reassign the listings.  You have to do them 3 times, once at initial occupancy check, once upon initial rekey, and once when they issue you the final BPO prior to listing.  Here is a link to the REO Resource Center: https://realestateagent.bankofamerica.com/
  • James Mathieu November 3, 2011 at 7:52am
    I just recently got two BOA listings. One of which has already been taken back due to some internal problem and the other has been on hold for almost two months to change the locks due to an internal problem with the deed. So I am just waiting for that one to go back also. 
  • Jon Baker November 3, 2011 at 7:27am
    Is anyone familiar with B of A Health and Safety Checklist.  Just got a couple of listings through an outsourcer and it is required immediately.  There is a warning not to fill it out incorrectly, but no one has responded with the guidelines yet.  Help. Thanks
  • Bettie Shetter August 29, 2011 at 4:20am

    I have someting of Maybe of interest. A client of mine had his property taken back from Back of America well over a year ago. Nice duplex in Del Mar, Ca. Anyway BOA owned it for a year. Allowed the property to become a rat hole. Weeds, vines growing so thick, it pulled down the neighbor's connecting fence.

    Then guess what:0) They deeded the property back into my clients name. He's been working for a month trying to weed his way to the front door!

  • Brandon Jordan August 23, 2011 at 1:54pm

    I have posted what I am aware of with Bank of America and how to go about getting in with them. If you check with them they will say you need to have an Equator account. They select agents from that database. I have heard however from many REO Realtors that there is another process that has existed for sometime going back to Countrywide days.

     

    Please see comment on this very topic from a fellow member.

     

     

    Reply by Alina Higgins on August 16, 2011 at 8:41am

    Dear Eric,

     

    Thank you for your information Eric. I did finally get a loan officer to put me in, but I recently went to a NAHREP conference here with 5 big banks there. One of them was BOA, and the gentlement did say they are not opening up to any additional Brokers due to the current Brokers are up to only 30% load of properties. I also heard from others banks that their forclosure rate has gone down, and with the short sales and mods going in, there is an abundance of that growing. It appears things are winding down abit. Do you agree? Again thank your for your feedback. I will take that in account, because I did email this loan officer and she did not get back to me yet.

     

    Alina's Discussions
    Alina's Discussions | A free & open professional social network for real estate professionals who specialize in REO and BPO's
  • James Mathieu August 23, 2011 at 9:39am

    I am trying to figure out the steps to get in the door with BOA  as a direct agent. I was an agent through LPS and Corelogic and also had done some direct work in the past couple of years but I do not know where to go to check to see if I am still an active agent and if not where do I go and who do I contact

     

     

This reply was deleted.
Liberty House Realty | Online Montessori Preschool | Digital Marketing Agency