Spam prevention
Rainer
279,648
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

No.

May 16, 2018 11:16 PM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

I have not.

Jan 07, 2018 12:00 PM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I did not 'subscribe' to their services - yet.

Aug 13, 2017 08:46 PM
Rainmaker
1,030,716
Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

Yes I have done that..and received no leads..

Will never do that again..

 

Jan 04, 2015 09:51 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I googled this and came up with this link:

http://bridog.net/2013/12/have-you-been-contacted-to-do-business-with-reo-pro-corp/

Which pretty much sums up what I would have guessed this to be.  If someone needs your services, why should you pay them for it?

Jan 04, 2015 06:37 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Dipti nailed this one!

 

Jul 15, 2018 06:42 AM
Ambassador
5,410,460
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

So many ways to burn money in this business.

Oct 29, 2017 07:23 PM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I never used that site but used similar one like Resnet and Equator. I always felt like I was the sucker for paying to use their site then paying a referral fee on top of that.

Feb 12, 2017 05:59 PM
Rainer
2,210
Will Farrell
Sarasota, FL

I just paid them $400 and they gave me 3 BPO assignments. They have a 12 month money back guarantee... I'll let you know how it goes. Wish me luck! 

Feb 18, 2015 11:40 PM
Rainmaker
3,331,523
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

There is no reason to pay anyone for BPO leads. Yes some asset management companies will charge to join, but they actually give out listings and bpos. I never received anything from them and i complete 4-8 bpos a day on average. Stay away from the scams and empty promises. Most companies already have full rosters of agents, so to try to start to get into reo and bpo now are more than an uphill battle. There are bpo mills that just give out bpos and there are asset management companies who Will give out bpos but most important give out listings based on good work. I am working on a full blog about teh status of REO and BPO's in todays market that will be posted within the hour. 

Jan 06, 2015 09:32 PM
Rainer
73,243
Devin Veith
Amp Realty - Louisville, KY

I have done a small amount of research on this company and I did not like what I saw.  I have no interest in throwing away my money.

Jan 05, 2015 12:47 AM
Rainer
80,093
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

I've heard that any company that requires payment for BPO leads is likely a scam. and even legit BPO companies are often not worth the amount of work you put into them or they end up not paying you for 30-60 days or sometimes ever.

Jan 04, 2015 02:30 PM
Rainmaker
1,153,825
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Suggest you not to waste a penny on these scam. I received like 20 email claimed it is from different banks.  I listened to a few identical webnar only to find out the website wants you to pay and if you do so instantly they will give you 50% off etc.  In that 2015 selling pitch they mentioned " recently up to 2013 year" we had a great success.  $400 can be spent more wisely

Sam Shueh

Silicon Valley, CA

Jan 04, 2015 06:30 AM
Rainmaker
429,164
Bill Dandridge
MKB, Realtors - Roanoke, VA
GREEN, ABR, GRI, EcoBroker

I have paid a bogus firm in the past for this type Broker Price Opinion (BPO), and was dismayed to find it MUCH more specific that a simple CMA. After receiving many of these "assignments," and not being paid for the ones that I had already fulfilled, I told them that I was going to wain until I was paid for my previous two events. They stopped calling... 

I called them several times over the next months requesting payment, and was always told that they just completed a merger, and that the payment should come soon. After a few of these, I gave up on them.

In the end, I would not pay any company for the right to perform BPOs for them. The companies always offer it as a potential listing, but that has always proven weak to me.

Jan 04, 2015 03:53 AM