in

Join Zolve
for free -
it's easy

  

Join for FREE and
  • Receive more referrals
  • Use our free “Referral Wizard
  • Grow your sphere of influence
  • Earn feedback ratings
  • Author your own blog
  • Share tools & ideas

BPO's or "Broker Price Opinion"

Last post 09-16-2008 11:49 PM by Elizabeth Campos Layne. 5 replies.

E-mail this Post to a Friend


BPO's or "Broker Price Opinion"
by Liz Caraway, CRS,ABR,SRES,GMS,TRC
Friday, September 05, 2008


Send this story to:



Your e-mail address:


Add a personal message: (optional)


Talk Shop

Talk Shop

Member discussions on networking, industry happenings, and general business topics.
<< Back to Talk Shop Discussions
<< Back to Over Coffee Discussions Home
Sort Posts: Previous Next
Page 1 of 1 (6 items)
  • 09-05-2008 8:12 PM

    BPO's or "Broker Price Opinion"

    View Liz Caraway, CRS,ABR,SRES,GMS,TRC's Profile  View all blogs by Liz Caraway, CRS,ABR,SRES,GMS,TRC  View all posts by Liz Caraway, CRS,ABR,SRES,GMS,TRC  Send Liz Caraway, CRS,ABR,SRES,GMS,TRC a message  Invite Liz Caraway, CRS,ABR,SRES,GMS,TRC to Sphere  Reply
    I have never done a BPO for anyone other than a client.  What information or advice can you give to me to find the companies and the people to talk to so I can start to do them??
  • 09-07-2008 8:21 AM In reply to

    Re: BPO's or "Broker Price Opinion"

    View Scott Ingalls's Profile  View all blogs by Scott Ingalls  View all posts by Scott Ingalls  Send Scott Ingalls a message  Invite Scott Ingalls to Sphere  Reply
    Hi Liz,
     
    Are you doing BPO's or CMA's?  A BPO is much more detailed than the average CMA.  If you don't have a form for a BPO, I'd be happy to look up one for you.  Banks, commercial interests, etc. like a BPO and they may be required for a short or foreclosure, so that would be the areas to look at.  Reaching a bank officer who deals with them can be fun, no easy answer for you.
     
    Scott Ingalls
    Filed under:
  • 09-07-2008 7:56 PM In reply to

    Re: BPO's or "Broker Price Opinion"

    View Liz Caraway, CRS,ABR,SRES,GMS,TRC's Profile  View all blogs by Liz Caraway, CRS,ABR,SRES,GMS,TRC  View all posts by Liz Caraway, CRS,ABR,SRES,GMS,TRC  Send Liz Caraway, CRS,ABR,SRES,GMS,TRC a message  Invite Liz Caraway, CRS,ABR,SRES,GMS,TRC to Sphere  Reply
    Thanks Scott, I do CMA's for clients and I'm looking into doing BPO's for companies. Could use a contact list....
  • 09-10-2008 11:01 PM In reply to

    Re: BPO's or "Broker Price Opinion"

    View Matt Peters's Profile  View all blogs by Matt Peters  View all posts by Matt Peters  Send Matt Peters a message  Invite Matt Peters to Sphere  Reply
    I do my fair share of REO listings, and they have been growing in impotance with a market slowdown. There are a couple of companies I do BPOs for in hope of growing my REO business.
     
    Ocwen is one of the biggest REO service companies. I have several listings with them right now. You can register at https://www.ora-rmsi.com/webtop/registration/default.asp in addition to BPOs you will probably get some listings. They are a little "different" but if properly managed are great. I can help you with that, too.
    I have been doing BPOs for Clear Capital, it's pretty tricky to respond fast enough to get the assignment. I  had to set up text notification, and respond immediately. Go to http://www.clearcapital.com/ to get sign up and get going.
     
    That should get you started.
    LMK how it goes. I have may a few other suggestions.
     
    Matt Peters CRS ABR ePro GRI
    Albuquerque, NM
  • 09-13-2008 1:09 PM In reply to

    Re: BPO's or "Broker Price Opinion"

    View Freddie Webb's Profile  View all blogs by Freddie Webb  View all posts by Freddie Webb  Send Freddie Webb a message  Invite Freddie Webb to Sphere  Reply
    Liz,
     
    I have been very busy over the past few month doing more and more BPO's. I have found this is an easy way to build your knowledge about a particular area of town while receiving a check. Most of the BPO's in my area range on a price scale of $50.00 - $75.00. At first it took me some time to put the BPO together but just like anything else the more you do the better you get at them. I will try and email you a pdf file I have that I purchased several month ago. It gives apprx. 100 companies that you can sign up with and as they get BPO in your area they will email you and you have to accept it. If you would like feel free to call me and I can explain a little more in detail. Have a blessed day...
  • 09-16-2008 11:49 PM In reply to

    Re: BPO's or "Broker Price Opinion"

    View Elizabeth Campos Layne's Profile  View all blogs by Elizabeth Campos Layne  View all posts by Elizabeth Campos Layne  Send Elizabeth Campos Layne a message  Invite Elizabeth Campos Layne to Sphere  Reply
    Hi Matt... thanks for that information, it was very informative.  I registered on the ORA-rmsi webstie  that is RealTrans.   Is it the norm that they ask for a payment and request your bank information to get paid?
     
    THANK YOU SO much, I await your response.
     
    Elizabeth Layne
     
Page 1 of 1 (6 items)
About Us · Contact Us · Advertise with Zolve · Terms & Conditions · Privacy Policy · Press
Copyright © 2008-2009 Zolve Inc.