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#281770 - 03/17/09 09:12 AM Re: RRReview.com [Re: MArealtor]
Pine Offline
Major Contributor

Registered: 03/12/08
Posts: 2433
Loc: Pinehurst, NC
I thinks we all have - but I don't think it is related wink
_________________________
Pinehurst Real Estate Guy
Pinehurst Real Estate
Pinehurst, Southern Pines, Aberdeen, Whispering Pines, Carthage, Foxfire, Seven Lakes & Beyond

Always looking for more REO, BPO, listings and buyers in my area: 27229, 27242, 27259, 27281, 27325, 27376, 28326, 28327, 28350, 28370, 28373, 28374, 28387, 28388, 28394


REO-BPO-Brokers.com

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#281777 - 03/17/09 09:41 AM Re: RRReview.com [Re: MArealtor]
socalreman Offline
Veteran Member

Registered: 05/13/08
Posts: 562
Loc: Orange County, CA
They never promise listings, just BPO's, but I had one woman tell me that some asset managers who order the BPO's may sometime give you a listing based on the work you did on the BPO.
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Coffee is for closers!

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#281781 - 03/17/09 10:15 AM Re: RRReview.com [Re: socalreman]
RealBoots Offline
Member

Registered: 01/26/08
Posts: 217
Loc: Wild or not Wild ,East or West...
You will never ever get listing from doing BPO for them !
I talked to asset manager directly as she called me to discuss BPO and told me that SPI have more then enough people already in the field and intend to keep them no matter what happens!
I been doing BPOs for them four years now!


Edited by RealBoots (03/17/09 10:16 AM)

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#281789 - 03/17/09 10:57 AM Re: RRReview.com [Re: CanDo]
fishingbpoandreo Offline
Member

Registered: 12/07/08
Posts: 18
Loc: miami, fl
I have been working for them for about 1 year. here in the miami area they pay cheap($40 exteriors)and their forms requires a lot of info on the comps. however they always pay fast and don't broadcast. I don't remember if I have done a interior order with them... all the orders I get from them are exteriors requiring only 1 picture of the subject; no comps pics. another thing is that I don't know if my bpos are too good or they don't really pay too much atention to the final completed bpo, since in all the time I have been completing orders from them, never have had a single QC issue.

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#281790 - 03/17/09 11:04 AM Re: RRReview.com [Re: MArealtor]
Rocky1Cat
Unregistered


Reading these posts on these BOP assignments I find it amazing and disgusting that the professionalism of Real Estate Agents has been catagorized in a class of where Realtors are dealing with the treatment of these asset companies and just deal with it. It is the Realtors that allow this to happen. $20 short on an order, not getting paid, chasing for payment, asset companies using your license and using you because they can treat you like crap. An appraiser wouldn't tolerate or allow such action. After all, the reason they use Realtors is because they don't want to pay an appraiser for professional service of an appraisal. They are using Realtors like high school graduate employers. I have read posts where companies like Mainstreet Valuations actually change figures on BPO's by their high school grad customer service people and actually change and delets remarks that are added. It's amazing. I wonder how long these BPO's are going to last being done by Realtors because there are already many complaints in about these asset companies about the BPO's coming in. Many of them are rigged and not right. Realtors....stop letting these companies take advantage of you. It is not worth it.

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#281822 - 03/17/09 01:32 PM Re: RRReview.com [Re: ]
ditty Offline
Veteran Member

Registered: 12/14/05
Posts: 932
Loc: welcome to my house
alllrighty...as I slowly get up and go back to what Ive been doing for over 8 years...


Edited by ditty (03/17/09 01:33 PM)
Edit Reason: spellen
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Beware the barrenness of a busy life...Socrates

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#281825 - 03/17/09 01:44 PM Re: RRReview.com [Re: ditty]
bristowVA Offline
Member

Registered: 04/15/07
Posts: 142
Loc: Prince William VA
Looks like we've just had a drive by from an appraiser advocate.
_________________________
Providing BPO's and listing REO properties since 2004

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#281846 - 03/17/09 02:58 PM Re: RRReview.com [Re: bristowVA]
Pine Offline
Major Contributor

Registered: 03/12/08
Posts: 2433
Loc: Pinehurst, NC
I wonder though if The Rock and that CaliBrok.. are brothers.

This place permits people to blow off steam, get steamed and rant.

Now he can go back and try to get more orders wink
_________________________
Pinehurst Real Estate Guy
Pinehurst Real Estate
Pinehurst, Southern Pines, Aberdeen, Whispering Pines, Carthage, Foxfire, Seven Lakes & Beyond

Always looking for more REO, BPO, listings and buyers in my area: 27229, 27242, 27259, 27281, 27325, 27376, 28326, 28327, 28350, 28370, 28373, 28374, 28387, 28388, 28394


REO-BPO-Brokers.com

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#281896 - 03/17/09 06:57 PM Re: RRReview.com [Re: RealBoots]
MArealtor Online   content
Veteran Member

Registered: 12/28/06
Posts: 511
Originally Posted By: RealBoots
!
I talked to asset manager directly as she called me to discuss BPO and told me that SPI have more then enough people already in the field and intend to keep them no matter what happens!


what is SPI?

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#281899 - 03/17/09 07:15 PM Re: RRReview.com [Re: MArealtor]
RealBoots Offline
Member

Registered: 01/26/08
Posts: 217
Loc: Wild or not Wild ,East or West...
I ment SPS!

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#281910 - 03/17/09 09:05 PM Re: RRReview.com [Re: ]
tri4sale Offline
Member

Registered: 09/26/06
Posts: 155
Loc: Triangle Area, NC
Originally Posted By: Rocky1Cat
I wonder how long these BPO's are going to last being done by Realtors


Hmm, I predict they will last just as long as Appraiser's manage to always hit that magic number to get a deal approved. And don't give me the BS about things are changing with appraisals. Just saw one last week where the house sold for $30 a sqft more then ANYTHING else in a one mile radius, with nothing in the house different that would justify it's higher value ($60,000 more then identical house two streets over that sold 2 months ago, and prices in neighborhood flat over past 12 months)

BPO's will continue to be done because lenders recognize that BPO's provide a good range of values for a property, that let's them make informed decisions at a fraction of the cost of an appraisal, when they know appraisals and BPO's get most of the info from the same sources. Appraisers fight us tooth and nail because they know the same thing, and they recognize we are a threat to their income (much like many Realtors fight flat fee and discount brokerages because they feel threatened by them)

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#289435 - 05/06/09 09:51 AM Re: RRReview.com [Re: tri4sale]
burlingtonncre Offline
Member

Registered: 01/26/09
Posts: 112
Loc: Burlington, NC
I just got an interior order from them, first interior order in years. BTW, they are no longer just SPS orders, this was for a different client.

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#297073 - 07/03/09 08:30 PM Re: RRReview.com [Re: burlingtonncre]
b29skh Offline
Member

Registered: 08/16/08
Posts: 20
Loc: midwest
Did RRReview move or are they bought by new company called SLC?
I see they moved to Utah.

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#297109 - 07/04/09 07:29 AM Re: RRReview.com [Re: b29skh]
Retsof Yor Offline
Veteran Member

Registered: 12/03/05
Posts: 582
Loc: South Central Kansas
I look back not so long ago before FCC was busted up and RRR had substantial impact in BPO market, now a glimmer of its former self and lots of former employees but a memory.
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R J Foster & Assoc., LLC
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#297112 - 07/04/09 07:55 AM Re: RRReview.com [Re: b29skh]
Concepts05 Offline
Veteran Member

Registered: 12/21/05
Posts: 1469
Loc: MA
Originally Posted By: b29skh
Did RRReview move or are they bought by new company called SLC?
I see they moved to Utah.


Hmmmm....I don't know but maybe thats why they never call any more to check the status of the order. Anyone else notice that?

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