BPO fees dropping
Is it just me, or has anyone else noticed the ways Asset Management companies are changing the bpo criteria so they can pay less in fees?
I've been getting a lot of requests from Pro-tek for desk evaluations. Although they emphasize that they don't want pictures, they do want 3 listings comps, 3 sold comps, all REO, all within 1 mile and all less than 6 mos old. They also want a pdf of the current listing sheet and an analysis of the REO market for the area. For this they want to pay 20.00! It's basically a full BPO. And...the listing sheet provides additional information that isn't necessarily included in the average BPO.
Last edited by pkuksov; 08-21-2007 at 01:19 PM.
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