The above was posted in the "ASG Mortgage" Post, by another member,WABPOREOAgent.
The above mentioned information is now posted on E-bay for $395.
Your thoughts please......

I would think that some of the companies might not be happy that their info is being posted and sold on Ebay. If he is signed up with these companies he might not be for much longer if they find out what WABPOREO is doing

This I feel is a duplicate post and I would cut/paste it and move it to the topic this fellow made for debate.

We have conversed about it and I felt it should be in the products and services category as it really is solicitation but advised I would leave it unless someone commplains. If an when you move this post I will move mine and delete this thread.

Edit: Ok it was moved already so I am not closing the post but I made a follow up comment when he first posted it here.

Also I moderate products and services I could have moved the topic there. Was it deleted mods? Try to close the topic if you cannot move it. Now I have to re-type my comments. grr lol just time I hate re-investing. I will stop crying. It is ok. I am also not exactly sure what happened so let me know.

Another edit: I am implying either moved or deleted and reposted since my comment is not in the post over in the section.

Sorry to make another post instead of editing but here are my thoughts.

I feel the forum likely has most of the data he is putting in the list. I feel his list may be based on first hand dealings with those companies and has excellent value (possibly I would have to see it to have an accurate opinion)

Someone can "invest" hours upon hours sifting through posts and maybe even running into incorrect information and having to weed that out while wasting precious money making time doing so.

The list idea is great for those who value their time.

Edit: Real Deal that is an excellent point!!!! Never thought of that. Wap you should consider that as litigation could be threatned

I agree, and I think they need to know about it.

Well I just have to respond.

KY, you have agents spending hundreds of dollars, and I mean hundreds to enhance, just get listed with, or to add zip codes to their service area for ONE website. $395 for a list of around 130 companies is a very small price I do believe since the number one question on this board is, Do you have the web site address?

Maybe it's the, "Why did I think of that" syndrome.

Also, why in the world would any company care whether I was offering this list? The information is on the internet and through other sources, it's not rocket science here.

Explain what data the list contains. That will define the list for everyone to understand and give a more accurate opinion.

What do you think Wab? You above post makes complete sense and I eve acknowledged that this stuff is somewhere within this board.

I really feel we need to define the content of it before jumping to conclusions.

The list contains almost 130 links to varios BPO and Asset Management companies. Most you can sign up online, send an email, or provides information on how to submit an application. The name of the company along with a link to their website is included, some links have notes on how to apply. It's all done in WORD. These are links that I've accumulated over many, many hours work.

Here is how I see it. You can run down to the store and buy the beef, lettuce, tomato, onion, cheese, mayo, etc or you can run over to Burger King and buy the darn burger. Its there if you want it, but no one is forcing you to buy it. I'm not out to make a living, I just thought it was a NICE thing to offer since there are so many people on this forum that are looking for answers.

BTW, I'm co-owner of my firm, hold 5 REALTOR designations, member of about 9 associations, active in my community in business, sponsors, etc. Hence the reason it's on Ebay. If someone was to get the list and didn't see the value, than post feedback on Ebay. They also offer buyer protection as well as seller protection.

I would imagine you have to pay $395 for that! Its a free country. If someone would buy a potatoe chip with a face on it, then I guess they would pay for anything.

I think it's a great idea. I've been considering jumping into the BPO market for a while now, and after doing some investigation, I decided it was too much work for my short term goals. However, if this list contained information about if the company paid, their timeline for wanting work done and delivering payment, I could become interested.

I think $395 is a bit more than I'd like to pay, but if the price was lower, I think it would sell.

If I were an agent just starting out and needed to get my feet wet quickly I might pay for that info. I do however think by purchasing it I would miss out on some very valuable information. By sorting through the posts here I know what companies are good , what ones are bad, the slow pays, the no pays, the ones you get listings from etc etc etc... In my opinion you'll be better off in the long run doing your own leg work.

AWESOME POINT OF VIEW!!!!

Thanks!!!!!


WAB I say you deserve a huge thanks!!!

I love your analogy.

I think we would all like to know who paid...You just never know. Today I can tell you that eMortgage pays like clock work and tomorrow they stop. I've always done minimal work with new companies until they pay.

Regarding timelines. Typically the turn-around time on a BPO is 72 hours, but you will also receive rush orders. I've seen a BPO come in with a deadline within hours. Companies typically don't have a set time. It depends on their client and the paticular order.

Agree with KY! You are making money off their name and co, they may want a cut of your profit if you get any buyers!

Angie

When I started this post, I didn't have an opinion either way, I just thought it would make for an interesting discussion, no harm was intended. I will say that it was bold, and I wish I would have had the time over the past month to compile a list of 130 BPO companies. But I happened to be in the middle of completing 130 BPO's. I think it is very impressive.

Now we have a place to send the new people when they ask "What's the website for that company?".

To which the answer could be "www.eBay.com".

Yes thanks amplet! Good topic.

OMG lol I know! I saw that.

If I were an asset manager ... and you were selling my name and number... I would want to know about it...


Otherwise, it's a free world....go for the $$$

How would it hurt the asset managers? For someone to pay that kind of money, they must be serious about developing their business, and even if the AM only uses them for a few BPOs before they decide the work is not up to par, I'm sure the AMs have made some money, too. Same principal as nearly every broker will sign on every warm body who passed the test- a lot may be duds, but mosy will make them SOME money... It cannot hurt the asset managers, imho...

I didn't mean it would 'hurt' them. If I was one, I would like to know if my name and number were being sold. (that was my two cents worth..lol)

I have an idea.. I could post the whole list on this website for FREE.... Now how would everyone like that?

It's already here! But I will bet you get a few sales in the next few weeks. I actually told another agent to check it out on E-bay, and she is quite serious about buying it. I think it is well worth it, to be honest. Two years ago I would have paid twice that much. I was calling every lender I could find, searching the web until I reached the end of the Internet for companies to work with. Unfortunately I didn't find this site... until Aug. 05.

The way I look at it is if someone is willing to pay $600 for 6 months of an enhanced listing with REONetwork, nothing against them either because I'm a paid member and I've received several leads, that $395 is a drop in the bucket for a link to 125+ companies.

And no Patty, it's not illegal. I'm a very respected agent in my community and offering a list like this is not worth it. We have a corporate attorney, check with yours.

WAB, I would like to see the whole list posted here for free.

Yes we all would but then eveyone would make less off these BPO companies. They would be saturated with new agents wanting work.

Spending countless hours working on a list merits charging in my opinion.

I am sorry but I have to let some newer agents know something.

This business is like being self employed.

Do you think Mcdonalds is going to give Burger King their top selling item's recipe and say here. Take this and make money and take away from our profits.

Sometimes just having the opportunity to pay real fast and get started right away is a royalty in itself.

Or search the board for countless hours. I do not even think you could pull 125 contacts off of here. Giving people in this forum more BPO contacts would take away from other agents making money off those 125 companies!

Just for the record, I never said it was illegal - or that I thought it was illegal. Please read posts carefully.

Have you checked with the asset companies to ask them if you are indeed to make money off THEIR company name?? I don't see how it can be okay to make money from using another co's name and contact info. I am sure it's okay to make the list but NOT to charge 395.00 from using their name. Just don't see how it's even possible! You made need permission to use their names. And also charging money for something and then we'll just say 1/2 the co.s end up not paying or something...you received money 395.00 stating these co.s are legit and pay right??? Who does that fall back on?? YOU, I would assume!Just some things to think about!
Angie

People sell forclosure lists, right? But if you go to the county court house you can get it for free. The deal is you have someone spend the time collecting the info and hopefully sorting it out in a comprehensive manner then you have to pay them for all the work they have done to put this together for you?? Right. So the premium is what you pay in the price and not spending the time. Done countless times in self help books, etc. Nothing new.
AS a RE remember market price is what folks are willing to pay.

Maybe it's no different from selling a forclosure list, but you are selling a name of a address/person and 1/2 the time you only get an address from the ones I have seen, not a company.NY you may be right! I just wouldn't want to find out the hard way though. I am not trying to be rude about this in any way there are just other things to think about that making a buck. That's my point. And I personally would never try to sell someone's name/co to make money..sorry!If others want to spend money for this, that's great! I just am looking at this from other views, I guess!
Angie

Angie,
You got a point and you are not rude at all. If you notice, when people feel there is money to be made they will sell anything and everything, e.g. I still can't understand the Chia pet I see in the discount stores, LOL!! but folks buy it. Different strokes for different folks, that's what I say, so we'll go out and get ours, our way.

NY,
Agreed!!

Angie

I'm looking for 99 other agents to go in on buying this list with me. Who's in?

Only $3.95 each

Just Kidding!

Selling lists of business prospects is common in every industry and business today. Just think...How many times has your own personal information been sold to companies hoping to do business with you. So selling it is not illegal or unethical. But $395...for an ebook...thats highway robbery

I must agree that there is huge demand for the information. However, the concept of selling this information is not new. I have a popular BPO Manual that started selling last summer and has never stopped. I get several emails per week asking to purchase it.

I don't know about $395 for the information. Mine is less than half that price and it's not only links, but an full-fledged instructional manual.

Mine is on ebay as well (search for BPO) and it's also offered in the Products & Services section of this website. The selling of information has been a huge business for a number of years. BPO information is no exception.

$395????

There's still one born every second, but with the advent of Ebay you don't have to put up the tent or move the elephants to find 'em.

Mr. Barnum would be impressed.

But you could also pay $600 for a premium placement on one website or $2,000 a year to join an association. Ya, I guess that 128 links for $395.00 isn't worth it.. $3.08 per link is pretty spendy. I just wish these people buying it would stop, soooooo annoying.

Of coarse that is rediculous when there are other sites out there selling bpo lists that are good paying companies for 99.00. I got one and it is a good list. I don't know about your list, how good it is or not. I am happy with what I have. Don't forget to mention that all bpo's take hours of work too.

I believe that in your agreement with companies
is that you are not to post information publicly.
Better read your agreements again. What if they catch you selling their addresses?

http://cgi.ebay.com/BPO-REO-List-for-Rea...1QQcmdZViewItem

Just found this on ebay. Must be a much shorter list.

i have blown more than that at the casino....sign me up...lol

Same list, even less (sold): http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=50338&item=6066663862

I don't understand why this is so "wrong". Who cares if someone is selling the list? I'd like to understand the position of those who think this is wrong. So what if they get "caught". What are these people doing wrong to get "caught" about??

Selling PROFESSIONAL contact information--name, etc.--is not illegal. Selling a name is not the same thing as stealing a part of that business or industrial spying. Contact information and descriptions about public companies are not proprietary information. I believe that this thread really reflects a general concern about personal privacy, a vastly different area than corporate privacy.

In fact, even our personal names and personal information are sold all the time. We might WANT it to be illegal or FEEL that it is wrong, but it simply is not illegal. If you are really concerned about personal privacy, you have a lot of political realities to sort through, not the least of which is the Patriot Act.

All that having been said, however, the uneasiness with selling a list of names also reminds me of the belief that some cultures have that taking a photo of a person is somehow stealing part of their spirit.

I guess I am looking at this differently. I don't know that it is wrong to sell the list but WHY do you want to make it easy to increase your competition. I have been selling Real Estate 30 years, none of it is easy. By doing your homework on this website you gain a tremendous amount of knowledge by reading the experiences of other agents. So you gain twofold. Why not sell test questions and answers on EBAY. It's probably not illigal but after you pass the test, you don't know anything. Just a thought. I don't usually speak on the forum, but read it all the time, and I have learned something everytime I join you folks...Keep up the good work.
WJ HANDLEY
AFFOARDABLE REAL ESTATE
FRESNO, CA