I have gotten several listings with them. The way it was explained to me by the Greenlink rep, if you were the last agent assigned to do a BPO on that property before the bank buys it back at auction, then you will be the agent to get the listing. East Texas Realtor, Gig em is right. If you get a BPO with $0 then you get the listing (at least that is how it works for me).

Thanks for the info.

Update: I did their $0 BPO, I received the listing, the listing is now under contract. I must say that their reps seem to be easy to work with and responses during the holidays were surprisingly fast.

Gig 'em is correct in that the pay is not great, but if it leads to volume then it's all good.

Thanks to all for the feedback.

I just received a Broker Property Status Report request (looks like a mini BPO) from Horizon for a property that I did a paid BPO for in Oct for Greenlink. It says I need to fax back to them and then again every 30 days.

This was the only BPO I have done for them (GreenLink/Horizon), as I don't think Wachovia is real big here.

Does anyone who does regular work for Greenlink/Horizon have an idea what this is for? I'm not sure if it is for listing or just to update a past BPO. I drive by the house almost daily, so it isn't a big deal to do, but if it's not for a listing I would just assume get paid for it.

I e-mailed the sender for clarification, but they didn't respond today.

Any help is appreciated in advance?

Haven't gotten one of those before. But to me it sounds like they are either going to buy it back, or have recently bought it, and are working on an eviction.

I do these for another company (not Horizon) and it is to keep them updated while they proceed with the foreclosure. The company that I do these for considers it part of their "pre-marketing" and I was promised the listing (assuming it gets that far). I can't say that Horizon is exactly the same, but they wouldn't need a monthly update unless it was a foreclosure, right?

I suddently received 1 of these Broker Property Status Report requests from Horizon on 1/12/06, and then 4 more today. Have emailed for clarification, but got no response back. Did anyone ever find out what these are for? Any info appreciated.

Thanks

I received 2 that I had previously done BPO's for them. I sent them back completed, I hope they will turn into listings for me. Now that I think about it though, I wonder if this is a new process to cut down on their valuation expense. I routinely BPO's 'gratis' for Wilshire and Countrywide because they come back to me as listings.

I haven't received one of these property status updates from Greenlink, but I talked to my area's representative and she told me that they are expanding their field operations.

gfarkas and iprop,
Since we're all in the Mpls. area, it would be kind of funny if we got these on the same properties.

GreenLink is great. They pay... Their forms are a bit much though. Again look at past posts!!!! All the answers are there!!

These aren't regular BPO requests from Greenlink. These are BSR (Broker Service Requests) from Horizon for previous BPOs we've done for Greenlink. There is nothing in the previous posts.

Starting in 2006 they have started to "pop up" for some of us in email request from Horizon. There is no online form. You complete and fax back. As someone stated earlier, it is like a mini bpo, an update on a property you have already done. You are supposed to drive by the property (no photos) and pull 2 list comps and 2 sold comps. There is no pay associated with these request....and no explanation as to what they are for.

The thing that is "suspicious" is that these are exterior (not the interior ones that usually lead to a listing). They don't seem to be responding to email or voice messages on the subject. When I finally got an email response back it said that the premarketing department was requesting them because "we need them"....and this was after several attempts at contacting them.

I agree with gfarkas, I wonder if they are just trying to cut down on expenses....time will tell...

I have done a BPO that came straight from Horizon and I was told when the redemption period (6 months) was up the listing was mine. Also to look for a BSR in about 3 months. I'm concerned about the comminsion that is mentioned in this thread but it does get my name out there to potential buyers.