As I’ve said over and over again in the past months, the REO industry is riding a record-breaking wave with no end in sight. Millions of homes have yet to be listed as REO properties, while mortgage defaults continue to skyrocket – signaling that many, many more foreclosures are on the way. Loan modification programs haven’t worked – and the continuing high jobless …
If you’re already an REO agent or want to become one, there’s one important thing you have to do to receive a continuous stream of REO listing assignments and BPO orders. And that’s to strive to submit on time, every time, a 100% accurate and complete BPO (Broker Price Opinion).
Frank Patrick, Foreclosure Trash Out and Property Preservation Specialist, highlights some facts and figures about hidden REO properties in a recent article.
Scottsdale, Ariz. – February 10, 2010 – The “Shadow Inventory,” explained by Frank Patrick in a recent article on http://www.ASREOS.com, are foreclosure properties that have yet to be officially recorded or to become part of the massive amount of REO listings currently for …
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Clients Speak!
“Thanks to you, I have been accepted by Wells Fargo Bank to do BPO’s and handle their REO properties. I would never have been able to do it without your help. After less than 30 days looking to change my marketing strategy you inspired me and helped me get to where I am. Thanks, Frank. ”
Mike
