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#405206 - 04/18/12 01:48 AM Listing agents choosing the BPO agent
12 step 4 BPOs? Offline
Veteran Member

Registered: 06/28/10
Posts: 1303
Loc: Land of Tree Huggers
we have a broker who was recently suspended for very inappropriate actions in conducting short sales, dual representation, but hiding it behind another broker's name....same old stuff.

Well, that same broker was a POC for a BPO. He told the rep that he didn't want me doing the order because I came in too high on another one and that makes it too hard to negotiate with the bank...

Best part? They came back on the line and told me they would be reassigning the order. If only English were their strong suit, this might have ended better. Instead, I lost the order...

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#405208 - 04/18/12 02:23 AM Re: Listing agents choosing the BPO agent [Re: 12 step 4 BPOs?]
AgentinMA Offline
Member

Registered: 12/31/05
Posts: 264
Loc: Boston Metro
I had something similar happen to me last year. A local agent that has a pretty poor reputation had listed a 3-Family as a short sale. Lucky me I got the BPO. Made the appointment and got a call fromn the mill that the order was being reassigned. They told me the list agent called the bank and stated that I was unprofessional and couldn't be impartial. The property ended up being sold as a short sale under value. It ended up being flipped and convereted to condos by guess who... He ended up selling all three condos as well. I called him out on everything and he denied it. Whatever, what comes around goes around. If he keeps doing business like that he's going to get bitten in the [censored].

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#405222 - 04/18/12 01:17 PM Re: Listing agents choosing the BPO agent [Re: 12 step 4 BPOs?]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2412
Loc: Outer Banks
@ AgentinMA you saw a bank get defrauded and you didn't report it?
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#405223 - 04/18/12 01:21 PM Re: Listing agents choosing the BPO agent [Re: 12 step 4 BPOs?]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7950
Loc: Vermont's North-East Kingdom
The Banks would not like to hear that the Mills cave in so easily.

Someone could tell them; it's their money being squandered.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#405237 - 04/18/12 07:10 PM Re: Listing agents choosing the BPO agent [Re: Vermont]
AgentinMA Offline
Member

Registered: 12/31/05
Posts: 264
Loc: Boston Metro
Originally Posted By: Vermont
The Banks would not like to hear that the Mills cave in so easily.

Someone could tell them; it's their money being squandered.


In my case it was the bank that caved and called the mill to have the order reassigned.

Bigtoe I expressed my concerns and they fell on deaf ears.

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#405655 - 04/26/12 05:58 PM Re: Listing agents choosing the BPO agent [Re: AgentinMA]
REO DISPATCH Offline
Member

Registered: 10/01/07
Posts: 428
Loc: REPO VILLE USA
I hope this isnt to far off topic but I did a bpo and the listing agent called me and said it was to hi and the listing agent wants to hire me to perform a bpo on his behalf... Conflict or no?
Thanks for any input and feel free to message me if you prefer..
_________________________
Good assets or bad assets we move them all and never say no with quick turn times!

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#405656 - 04/26/12 06:00 PM Re: Listing agents choosing the BPO agent [Re: REO DISPATCH]
CandyMan Offline
Major Contributor

Registered: 07/13/08
Posts: 2608
Loc: California
If it's on the same property, you would have a conflict for sure.
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#405661 - 04/26/12 06:24 PM Re: Listing agents choosing the BPO agent [Re: CandyMan]
REO DISPATCH Offline
Member

Registered: 10/01/07
Posts: 428
Loc: REPO VILLE USA
Thanks candyman, I do smell fraud on this property as well....
_________________________
Good assets or bad assets we move them all and never say no with quick turn times!

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#405663 - 04/26/12 06:37 PM Re: Listing agents choosing the BPO agent [Re: REO DISPATCH]
CandyMan Offline
Major Contributor

Registered: 07/13/08
Posts: 2608
Loc: California
A thought to ponder..........The agent may be setting you up...
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#405678 - 04/26/12 08:12 PM Re: Listing agents choosing the BPO agent [Re: CandyMan]
REO DISPATCH Offline
Member

Registered: 10/01/07
Posts: 428
Loc: REPO VILLE USA
I hear ya candyman... Just wasnt sure how the law read but dont want to really get involved if legal anyways.. My gut is telling me to run and my gut is usually right wink
_________________________
Good assets or bad assets we move them all and never say no with quick turn times!

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#405700 - 04/27/12 02:40 AM Re: Listing agents choosing the BPO agent [Re: Bigtoe]
12 step 4 BPOs? Offline
Veteran Member

Registered: 06/28/10
Posts: 1303
Loc: Land of Tree Huggers
Originally Posted By: Bigtoe
@ AgentinMA you saw a bank get defrauded and you didn't report it?


HA HA HA!!! Have you ever tried? You can't get through the customer no service agents on the front lines. I have been asked "do we have authorization to speak with you?" when I tried to report fraud. I try and try and try....and NOBODY cares!!!

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#405719 - 04/27/12 10:23 AM Re: Listing agents choosing the BPO agent [Re: 12 step 4 BPOs?]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2412
Loc: Outer Banks
Originally Posted By: 12 step 4 BPOs?
Originally Posted By: Bigtoe
@ AgentinMA you saw a bank get defrauded and you didn't report it?


HA HA HA!!! Have you ever tried? You can't get through the customer no service agents on the front lines. I have been asked "do we have authorization to speak with you?" when I tried to report fraud. I try and try and try....and NOBODY cares!!!


Of course you are going to be ignored when you try to report the offending company to the offending company.

The FBI is the organization that investigates bank fraud and their phone number is in the phone book.


Edited by Bigtoe (04/27/12 10:23 AM)
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#406701 - 05/13/12 05:58 PM Re: Listing agents choosing the BPO agent [Re: 12 step 4 BPOs?]
TheBPOExpert Offline
Member

Registered: 01/22/12
Posts: 114
Loc: Georgia
don't know about you guys but I don't get bogged down in all this. So what, let them reassign the order. I'm in the bpo business. I don't have time to waste calling whoever. I move on to the next one. There will always be shady bpo agents. The only time I do anything besides moving on to the next one if is another agent jeopardizes my relationship with one of the company's assigning me the bpos. I will fight on that.
_________________________
The BPO Expert
Free BPO Company List
“You will get all you want in life, if you help enough other people get what they want.” -Zig Ziglar




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#406704 - 05/13/12 07:48 PM Re: Listing agents choosing the BPO agent [Re: Bigtoe]
REODayton Offline
Major Contributor

Registered: 07/27/06
Posts: 3720
Loc: Dayton Ohio
Originally Posted By: Bigtoe
Originally Posted By: 12 step 4 BPOs?
Originally Posted By: Bigtoe
@ AgentinMA you saw a bank get defrauded and you didn't report it?


HA HA HA!!! Have you ever tried? You can't get through the customer no service agents on the front lines. I have been asked "do we have authorization to speak with you?" when I tried to report fraud. I try and try and try....and NOBODY cares!!!


Of course you are going to be ignored when you try to report the offending company to the offending company.

The FBI is the organization that investigates bank fraud and their phone number is in the phone book.


How many times have you called the FBI? Just curious.

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#406707 - 05/13/12 09:11 PM Re: Listing agents choosing the BPO agent [Re: REODayton]
CandyMan Offline
Major Contributor

Registered: 07/13/08
Posts: 2608
Loc: California
REO Dayton

I call them weekly.......always nice to know where they're holding their next party....lol.
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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