Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Page 2 of 2 < 1 2
Topic Options
Rate This Topic
#391867 - 10/15/11 11:20 AM Re: Threats from "short sale negotiator" [Re: Newton]
DueDiligence Online   content
Veteran Member

Registered: 12/05/06
Posts: 1265
Loc: Wild Wild West
Amen.

The police won't do anything until this person hurts the person he's threatening.

I say, "Nip, nip, nip it in the bud". DIY.

Top
#391888 - 10/15/11 03:46 PM Re: Threats from "short sale negotiator" [Re: Ellen45]
BpoBill Online   content
Major Contributor

Registered: 09/24/06
Posts: 1967
Loc: US
This is one of the reasons why I carry a gun, and have a few in the house too. Too many nut jobs in this world.

Top
#391894 - 10/15/11 06:25 PM Re: Threats from "short sale negotiator" [Re: Ellen45]
Ellen45 Offline
Veteran Member

Registered: 06/13/07
Posts: 1006
Loc: USA
The police did in fact, give this guy a visit and they are filing charges.

I am now debating whether to call the FBI as well. If I knew for CERTAIN this was fraud, but I am hesitant to do so on just a gut feeling.

And yes, on the number of nutjobs.

I have been thinking about this a lot and I think what we are seeing here is the result of the increasing desperation out there. Many agents and other people involved in real estate are really starting to lose it from the loss of income, the stress and generally bleak outlook. For some people, that means they stop worrying about ethics and the rules and are just out there trying to make a buck by any means available.

The fact that this guy went totally nuts over a deal that quite frankly, never had a chance of getting to a closing speaks volumes to what is going on out there. It feels like the Wild West.

Be careful out there, people.

Top
#391896 - 10/15/11 06:38 PM Re: Threats from "short sale negotiator" [Re: Ellen45]
REO driven Offline
Veteran Member

Registered: 06/20/07
Posts: 696
Loc: In the cornfield
Sounds like experiences I have had with these 3rd party people and there ridulous comps and pages of repairs. If it is such a **it hole, why would anyone want to buy it?

Another thing I been noticing is some of the big mills and there QC's with suggested comps or "we have a prior which is much lower". please look at there comps and comment.

I had 1 today and responded to there email: The comps I provided are best found in nearest proximity, best matching subjects features, age and condition and original order stated that fair market and NOT distressed value was needed. I have made no changes to order. They closed it out without further communication.

Top
#391916 - 10/15/11 10:24 PM Re: Threats from "short sale negotiator" [Re: Ellen45]
Realtors Rule Offline
Member

Registered: 04/16/10
Posts: 46
Loc: NearTheBig City
You rock Ellen 45! I don't post often, but this one drew me out.

Can't say I've had that much pressure from short sale 'negotiators,' but I've had a few interesting experiences lately with one bpo mill. I got this as a QC comment on a rejected bpo. "Your value is well above the current list price of the home."

WTH? The QC guy got a really fast email back from me asking if it was my job to meet the list price of the bpo. No answer to that from him. The bpo has now sat in the 'awaiting approval' line for a while with no approval. I spoke with two other QC people who added my comments to the order and agreed with my opinion.

I had to ask myself, who is working for whom in the whole foodchain.


Edited by Realtors Rule (10/15/11 10:25 PM)

Top
#391967 - 10/16/11 06:47 PM Re: Threats from "short sale negotiator" [Re: TheTexasGal]
12 step 4 BPOs? Offline
Member

Registered: 06/27/10
Posts: 377
Loc: Land of Tree Huggers
Originally Posted By: TheTexasGal
Ellen, I wish I had your guts. I had a similar (but not as bad) situation with a short sale negotiator. It was on a listed vacant house on combo. I told the negotiator I would be there at a certain time and I actually showed up 10 minutes early. I saw him drive up as I was leaving. Well he called me several times that afternoon and even emailed me the comps he wanted me to use. He also said he would ruin me if I came in too high. I contacted the bank who issued the interior and even forwarded the nasty email with the comps to them. They put the order on hold while they contacted their client. Noone seemed to care at all. They just told me to proceed with the order. It just kills me how these banks make a big deal about us notifying them if something like this happens and when we do, they dont do anything about it. Its almost as if the bpo companies are hanging us out to dry when these things happen.


TexasGal you are so right. I try to always do the right thing and the banks NEVER care. Collusion this, fraud that....but they don't do anything.

Top
#392001 - 10/17/11 08:26 AM Re: Threats from "short sale negotiator" [Re: Ellen45]
socalreman Offline
Veteran Member

Registered: 05/13/08
Posts: 745
Loc: Orange County, CA
Your professional manner is awesome Ellen. I would sue the company who the idiot works for, make sure you get a settlement amount for stress and whatever else a civil attorney can come up with. I hope this happens to me as I would consider it hitting the lotto jackpot or should I say lotto crackpot. I would also report it to the FBi and you may have just eliminated a source for fraud and remove one of your competitors. People have to be responsible for their actions and I hope you take them on.
_________________________
Coffee is for closers!

Top
#392173 - 10/18/11 01:42 PM Re: Threats from "short sale negotiator" [Re: Ellen45]
Don Price (Pine) Offline
REO-BPO-R.E. Mod
Major Contributor

Registered: 03/12/08
Posts: 3272
Loc: Pinehurst, NC
rockon Ellen - you're a hero!!

You calm resolve is a thing of beauty - I am so impressed.

I also wonder, how did the fruitcake find these comps and in what form did he hand them to you in?

You state the company the fruitcake works for is owned by the agent that listed the house - but is he the broker of the firm he works for?

What I am getting at - you might be able to have your MLS and Association come down on the agent and the firm that agent works for - and this seems to be worth investigating as we need to rid our ranks of such people.

Then there is always you state licensing authority - without accusing the agent of anything - just drop them an email of these events and what you have found out - the police reports and all.

There are many desperate people out there doing some really risky things - so be as careful as possible - but contacting the police was a great first step - no do something to protect yourself as well.
_________________________
Donald Price (Don)
Pinehurst, NC 'America's Home of Golf"

Pinehurst Real Estate | REO-BPO-Brokers.com | Blog | Join active|rain | Twitter | Facebook


Top
Page 2 of 2 < 1 2






Moderator:  jbt4re 
Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
CourtneyFields19, theshortsaledude, toorgeman123, D best Realtor, Nilufar Yeasmin
21439 Registered Users
Who's Online
8 registered (DueDiligence, barb43, Peace ☼, SBbkr, OrlandoAgent, REODayton, 1 invisible), 151 Guests and 3 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 78
KingofBPOs 55
Brit16 51
super realtor 37
DueDiligence 36
Bigtoe 35
Averis 34
johnnyloans 34
SoldWithVideo 32
Kjmendy 29
RIzwan 29
Scintillion 25
75Corvette 25
Doin' bpose 24
Brad - W4BJM 23
(Views)Popular Topics
No new orders today 4758199
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2708334
Stupid MLS comments. 959123
EML 458010
Evalonline 299689
What do you know about Froy Candelario, top agent in USA 291088
Land America 285007
New HUD Listing Brokers---Any Update? 269792
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239431
Stupid QC comments and BPO requirements. 230798
Is there religious content in Buffini class? 225898
FARVV 177251
REOTRANS 160818
Let's talk about our cars 147832
USRES / RES.NET 147658
asset val seminar in colorado 144137
AVM Bpos 139643
FARVV 126764
PAS 118332
Featured Member
Registered: 10/14/11
Posts: 54

How To Advertise Here


This site presented by RNC Internet Services