Real Estate Forums

REO/BPO and Foreclosures Real Estate Owned and Broker Priced Opinion topics, as well as discussions on foreclosures and how to make the most of this aspect of the real esate market.

Reply
 
Thread Tools Display Modes
  #1 Bpo/reo?  
Old 05-06-2008, 11:18 PM
Ron Tarvin's Avatar
Ron Tarvin Ron Tarvin is offline
Real Estate WebMaster
 
Join Date: Sep 2005
Location: Katy Texas
Posts: 104
Ron Tarvin is on a distinguished road
Default Bpo/reo?

I have signed up with a bunch of different BPO companies and been trying to get started with them for about a month now, maybe a little longer and went on my first one today for LandAm.

Anyone else I should be hitting up? Links? Suggestions? I can't seem to figure out how to get on with Countrywide, but wonder if that is worth the effort with the potential buyout.
__________________
Superior Real Estate Services for Katy Texas and surrounding areas.

Katy Texas Real Estate
Katy Texas Events Blog
Reply With Quote
Old 05-08-2008, 03:15 PM
dylan's Avatar
dylan dylan is offline
Real Estate Web Guru
 
Join Date: Apr 2006
Posts: 314
dylan is on a distinguished road
Default Re: Bpo/reo?

With gas prices the way they are, I gave up on BPO's.
__________________
Dylan Darling
Your Bend Oregon Real Estate site featuring Bend Real Estate for sale. Search for Bend Oregon homes for sale.
Reply With Quote
Old 05-08-2008, 06:46 PM
REOagent REOagent is offline
Advancing Webmaster
 
Join Date: Mar 2008
Posts: 37
REOagent is on a distinguished road
Default Re: Bpo/reo?

Don't waste your time with countrywide, i have applied several times, they told me that they are not accepting anymore agents.
__________________
-Free List of BPO Companies-
Reply With Quote
Old 05-09-2008, 08:56 AM
jbentley jbentley is offline
New real estate webmaster
 
Join Date: Mar 2008
Posts: 1
jbentley is on a distinguished road
Default Re: Bpo/reo?

You guys need to keep applying to C/W-that's where all the reo listings come from!-You do a bpo, then within a couple of months, you get that listing. Ocwen is the same way.
Reply With Quote
Old 05-11-2008, 11:40 AM
REOagent REOagent is offline
Advancing Webmaster
 
Join Date: Mar 2008
Posts: 37
REOagent is on a distinguished road
Default Re: Bpo/reo?

How CW works is - you have to get in contact with a local branch manager, start sending them loans, and then they can recommend you for the REO dvision. You will not get a listing doing bpo's for CW. One of the of agents in my office has been working with CW for a few years now, and he's never done a bpo for them.
__________________
-Free List of BPO Companies-
Reply With Quote
Old 05-11-2008, 06:48 PM
Jackie Jackie is offline
New real estate webmaster
 
Join Date: Mar 2007
Location: United States Virgin Islands
Posts: 14
Jackie is on a distinguished road
Send a message via Skype™ to Jackie
Wink Re: Bpo/reo?

A FEW TIMES I HAVE GIVEN MY OPINION ON BPOs AND THE DOLLAR VALUE THAT I BELIEVE WE ALL SHOULD BE RECEIVING. MY COMMENTS HAVE BROUGHT ON A FEW VERY SOUR ATTITUDES. MAYBE IT'S BECAUSE I TELL IT LIKE IT IS AND THEY DON'T WANT TO HEAR THE TRUTH!!!! IF YOU ARE GETTING LISTINGS THE REST OF WHAT I HAVE TO SAY DOES NOT APPLY TO YOU.....!!!!

NOBODY IN THEIR RIGHT MIND CAN JUSTIFY EXTERIOR (THAT IS ALL I DO) OR GOD FORBID INTERIOR BPOs FOR $25, $50, $75, $100!! WHEN I LAST WROTE GASOLINE WAS APPROACHING $3.00, NOW IT IS APPROACHING $4 AND MORE.........GOD HELP YOU IF YOUR CAR IS DIESEL. GAS IS ABOUT $3.37--$3.49 WHERE I AM BECAUSE WE HAVE A REFINERY HERE, YOURS IS PROBABLY MORE!! FIGURE IT ALL UP: GAS, CAMERA, COMPUTER, INTERNET CONNECTION, MLS AND REALTOR FEES, LICENSE, INSURANCE, YOUR CAR, MILEAGE, REPAIRS ETC....AND HOW ABOUT SOME OF THE UNHEALTHY AND DANGEROUS AREAS YOU MAY HAVE TO GO INTO....AND....MOST OF ALL YOUR VERY VALUABLE TIME.

THE BPO WILL TAKE YOU APPROX 2 HOURS IF YOUR GOOD AT IT, INCLUDING PHOTOS. IF YOUR NOT IT TAKES EVEN MORE TIME.... NOW, SO THAT WE ARE ALL ON THE SAME PAGE THAT BPO REQUIRES 3 SOLD AND 3 ACTIVE COMPS AND OTHER PERTINENT QUESTIONS. THERE IS NO WAY YOU CAN JUSTIFY THOSE MEAGER FEES. IF YOU ARE DOING THEM FOR $55, YOU NEED TO HAVE YOUR HEAD EXAMINED BY A GOOD DOCTOR. YOU ARE ACTUALLY LOSING MONEY!! I DO BPOs FOR FARVV, (PAY GREAT) ALMOST ALL OF THEM COME FROM COUNTRYWIDE. THEY HAVE RECENTLY CHANGED THEIR FORMAT AND THE INTERNET BASED FORM IS BEGINNING TO RESEMBLE AN APPRAISAL. THAT TO ME IS WORTH EVEN MORE MONEY. I WILL NOT MOVE OUT MY DOOR FOR LESS THAN $175.00. THAT'S MY NUMBER AND I WILL NOT WORK FOR LESS. I VALUE MY TIME AND YOU SHOULD ALSO. I KNOW THAT MANY OF YOU WOULD BE VERY HAPPY TO GET THAT AMOUNT PER BPO. I ALSO KNOW YOU HAVE PROBABLY LOT'S OF COMPETITION WHO WILL DO THEM FOR NEXT TO NOTHING. LET'S CALL THEM PROSTITUTES BECAUSE THAT IS EXACTLY WHAT THEY ARE BUT WHEN YOU DO BPOs FOR NEXT TO NOTHING YOU HAVE JOINED THEIR RANKS... BELIEVE ME WHEN I TELL YOU THAT IS EXACTLY WHAT THE BANKS AND ASSET MANAGERS THINK OF YOU!! BEYOND A SHADOW OF A DOUBT YOU ARE BEING TAKEN ADVANTAGE OF!!

MY MARKET IS SLOW ALSO BUT JUST BECAUSE I LIVE IN THE VIRGIN ISLANDS DOESN'T MEAN I AM UNINFORMED. I PAY ATTENTION TO ALL THAT IS HAPPENING INCLUDING ALL OF THE FINANCIAL MARKETS.

I AM TOTALLY BLOWN AWAY WITH ANY BROKER/SALESPERSON GIVING THEIR SERVICES, KNOWLEDGE AND TIME FOR A MERE PITTANCE. GASOLINE IS UP, FOOD IS IN THE STRATOSPHERE.........THINK ABOUT IT. WHERE IS YOUR SELF ESTEEM, ON VACATION??......ARE YOUR BPO FEES GOING UP??? WHY NOT??? YEA, I KNOW SUPPLY AND DEMAND...NOT A GOOD ENOUGH ANSWER!!

GOOD LUCK TO ALL......... I WOULD BE VERY HAPPY IF YOU ALL WERE GETTING PAID A FAIR AMOUNT........ DON'T BE A PROSTITUTE!..

YOU CANNOT JUSTIFY GIVING YOUR SERVICES AWAY FOR NOTHING!
__________________
JACKIE CAPPIELLO, ST CROIX, U.S. Virgin Islands
Reply With Quote
Old 05-12-2008, 10:13 PM
REOagent REOagent is offline
Advancing Webmaster
 
Join Date: Mar 2008
Posts: 37
REOagent is on a distinguished road
Default Re: Bpo/reo?

Hey Jackie, i think i have a read a similar post somewhere else and no one could believe that you were getting $175 each, (thats great for you) and you live in paradise. Well like you said in my area there are agents taking bpo's from $35 - $40, and they are basically wasting their time (but most agents having nothing else to do)
__________________
-Free List of BPO Companies-
Reply With Quote
Old 05-13-2008, 05:50 PM
Jackie Jackie is offline
New real estate webmaster
 
Join Date: Mar 2007
Location: United States Virgin Islands
Posts: 14
Jackie is on a distinguished road
Send a message via Skype™ to Jackie
Wink Re: Bpo/reo?

REOAGENT... YES, I HAVE MADE A SIMILAR POST. I HAVE POSTED BECAUSE I WANT THE OTHER BROKERS OUT THERE, WHEREVER THEY ARE AND WHOMEVER THEY MAY BE TO SEE THAT THEY ARE BEING "TAKEN" AND NOT FOR ANY OTHER REASON!!! MY HOPE IS THAT SOME WILL GET THE PICTURE. THIS IS PATHETIC WHAT SOME ARE GETTING PAID.

TODAY I DID A BPO. I HAD TO DRIVE 24 MILES IN TOTAL, BACK AND FORTH. I HAVE A FORD EXPLORER, SUV. IT SUCKS UP GAS AS IF I OWNED AN OIL WELL AT $4.00 P/G YOU HAVE JUST USED UP $8.00. IF YOU GOT PAID $55 FOR THAT BPO YOU HAVE NOW NETTED $47. IF YOU ARE GOOD AT THEM AND YOU CAN DO ONE IN 2 HOURS YOU NETTED YOURSELF $23.50 P/H NOT INCLUDING ALL THE OTHER ITEMS THAT I MENTIONED IN MY LAST POST. THIS IS ABOUT AS SAD AS IT GETS. IT IS MORE THAT, IT IS INSANE! YOU CANNOT IN ANY WAY, SHAPE OR FORM JUSTIFY THIS PRICE ($55 OR OTHER SIMILAR AMOUNT). WHEN YOU DO THIS YOU ARE ACTUALLY LOSING MONEY. IF YOUR SLOW, TAKE THE TIME TO SPEND SOME TIME WITH YOUR CHILDREN BUT DON'T GIVE YOUR SERVICES AWAY FOR THESE MEAGER PITTANCES. THEY ARE FEEDING YOU THE CRUMBS WHETHER YOU LIKE THAT ANALOGY OR NOT.

I HAVE BEEN OFFERED $50. BY CLEAR CAPITAL. I TOLD THEM NO. THEY QUICKLY RAISED IT TO $125. I TOLD THEM NO AGAIN. FORGET ME, LOOK AT WHAT THEY ARE DOING TO YOU ALL!! IN YOUR DIFFERENT AREAS (MLS REGIONS) YOU MUST BEGIN TO TALK TO EACH OTHER, SORT OF UNIONIZE. I SAY ALL OF THIS BECAUSE I CANNOT EVEN IMAGINE WORKING FOR SUCH LITTLE MONEY. I AM DEAD SERIOUS AND RIGHT ON WHEN I TELL YOU THAT YOU ARE BEING TAKEN ADVANTAGE OF!!! THEIR JOB IS TO GET YOU AS CHEAP AS POSSIBLE. UNFORTUNATELY TOO MANY OF YOU ARE FALLING INTO THEIR TRAP. GIVE ME ONE VALID REASON WHY I SHOULD GET MORE THAN YOU FOR THE SAME WORK???????

ALL......... I AM TRYING TO BE CONSTRUCTIVE HERE. I WANT YOU ALL TO MAKE MORE MONEY AND IT SINCERELY PAINS ME TO READ THESE POSTS AND SEE WHAT YOU ARE RECEIVING FOR COMPENSATION. I KNOW THAT MANY ARE STRUGGLING AND HAVE CHILDREN TO SUPPORT! THAT PAINS ME!

I AM VERY INTERESTED IN WHAT YOU ALL HAVE TO SAY OUT THERE. PLEASE BE CONSTRUCTIVE OR DON'T BOTHER WRITING. I HAVE ALREADY READ THE IDIOT POSTS FROM SOME PRIOR THREADS... WHAT ARE YOUR THOUGHTS AND/OR SUGGESTIONS TO HELP THE SITUATION FOR ALL CONCERNED??

ONE OTHER ITEM WE DON'T NEED HERE IS PEOPLE WHO POST THEIR LEGAL OPINION ON WHETHER OR NOT YOU CAN DO A BPO LEGALLY AND NOT EXPECT THE LISTING.....GIVE ME A BREAK PUUULLLLLLEASE! THESE PEOPLE NEED WORK AND I/WE ALL WANT THEM TO HAVE THAT AND BE PAID FAIRLY!

BEST REGARDS ALWAYS FROM THE CARIBBEAN,

JACKIE
__________________
JACKIE CAPPIELLO, ST CROIX, U.S. Virgin Islands
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Help Finding BPO/REO Listings heilig1 Real Estate Chat 2 11-10-2006 09:47 AM



Main Navigation

Popular Services

IDX Coverage Areas

Spiders Welcome

All times are GMT -7. The time now is 10:47 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.