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Wanda Wile, Residential and Commercial Real Estate in North GA (Branches Realty Group)

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Rainmaker
1,057,404
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I get requests for BPOs all the time that I decline. Clear Capital is absolutely still in play, and they're one of the best in terms of interface, organization and quick payment.

Dec 29, 2017 07:07 AM
Rainmaker
1,574,666
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

I still do some for Clearcapital.com and Protk.com .... not a lot but some!

Dec 29, 2017 06:14 AM
Ambassador
6,423,260
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

So many better ways to abuse yourself, concentrate on generating leads and get a part time job to pay the bills until you get a few listings.

Dec 29, 2017 06:42 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The BPO world has transitioned. There are bpo mills that just give out bpo orders and do not list, manage or sell REO. They often look for an agent who will work for cheap and can be a pain with their QC for your willingness to work for little. Then there are the asset management companies that list, manage and sell REO that do assign bpos. Depending on your experience and past history with them, you can name your price for bpos if you can do a good job, do it quickly and get them right the first time. They grade you and award listings by your score and relationship you build with the asset managers. 

 

The thing is, that many companies will charge you to join their network. You need to do a big volume to make it worth it. You need to know who pays and who does not. I can say beware of companies out of CO, nothing against CO, but the 2 biggest non paying companies are from there, so google bpo complaints before taking work from a new company.

 

I make a good paycheck every week by doing bpos and gets me lots of REO listings. Sign up for a variety of companies and stay away from anything that asks you to pay. DO not take their low pay, ask for a higher pay, they want quality in the end. 

Dec 29, 2017 06:28 AM
Rainmaker
5,115,873
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not the kind of business I do, so really can't say.

Dec 29, 2017 01:46 PM
Ambassador
2,163,333
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I used to do them for Clear Capital back in the day. They had a good tracking system and paid promptly.

Dec 29, 2017 07:21 AM
Rainmaker
2,221,950
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

None that I know of Wanda Wile 

Dec 29, 2017 06:06 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't think there are all that many BPOs around these days.  talk to the lenders and the asset managers.

Dec 30, 2017 06:23 AM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

I do not like to spend my time on BPOs.

Dec 29, 2017 09:49 PM
Rainmaker
1,554,377
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

wrong market

Dec 29, 2017 07:43 PM
Ambassador
2,684,769
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Not that many, like there was after the Crash 10 or 12 years ago.  A few brokers here have that market sewed up, along with the foreclosures.

Dec 29, 2017 07:19 PM
Ambassador
3,350,439
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

None that I know of unless one is willing to participate in their real estate prostitution ring ... which I am not.  I hold myself to a much  ... much higher standard. 

Dec 29, 2017 08:52 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I don't see many BPO's anymore in our area, they used to be more years ago.  I think they are paying very little but I guess it depends on the company. 

Dec 29, 2017 07:57 AM
Rainmaker
1,712,876
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Haven't done them in years since the short sale days. Now unless one drops out I don't see new people coming in.

Dec 29, 2017 07:32 AM
Rainmaker
1,847,621
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Us guys like me no longer bother with BPO's. That market is pretty much dead & buried. If I check the year end stats there will be probably 10 short sales in my entire town.

My owners mess with E&O.

Dec 29, 2017 07:29 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I haven't heard of anyone in our area doing BPO's for decades.... they're a PITA

Dec 29, 2017 06:48 AM
Ambassador
5,257,583
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Oh and Landy for E&O insurance.

Dec 29, 2017 06:25 AM
Rainmaker
5,244,229
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never was a fan of doing BPO's, so can't help. As for E&O, who does your sponsoring broker use?

Dec 29, 2017 06:22 AM
Rainer
1,250
Marie Sweatt
R1S1 Realty - Fort Lauderdale, FL

The few companies left seem to want you to basically do an appraisal for very little pay.

Feb 13, 2020 03:00 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

A lot of great answers here. 

Agree.

Oct 05, 2018 04:59 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Yes, great answers here

Oct 05, 2018 04:58 PM
Rainmaker
5,879,125
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Have never done BPOs, but have been solicited.

Dec 31, 2017 07:47 AM
Rainmaker
7,869,880
Roy Kelley
Retired - Gaithersburg, MD

This appears to be a duplicate question.

Dec 29, 2017 06:20 AM