REORichmond Blog

I have learned a lot doing BPOs for both the bank that allows me to sell their properties as well as third party concerns (BPO for a Fee).  These all are mistakes that I have made-- which gratefully, my asset manager has allowed me to fix or correct-- without penalty.  I am fortunate to work with...

One of the letters that I received (not directed towards me) ---  That addresses one companies Holiday Gift Policy-- And I think that you will find this similiar with most banks that you will ever deal with.  Take what you can from this letter-- It gave me a LOT of insight!! ---------------------...

Wilshire just assigned me two "Pre-foreclosures" -- and there was a BPO and Occupancy Check.I was told that if these properties do goto REO status-- I'm going to receive the listing-- as the whole file will transfer with me. HSBC gives me the listings-- after it is an REO.I don't want to do BPOs ...

I joined REOTrans a little over a year ago--- originally, I had about 50 zipcodes and was running a monthly bill of about $70.  After about 8 months of getting nothing except page views-- I cut my zipcodes to about 10.  Then I decided to let my credit card expire-- and just not inform them of the...