Broker Price Opinion blog – VALUATIONS TODAY

BPO and Appraisal Blog

BPO outlook in 2008

May 22nd, 2008 8:00 AM

The securitization market has slowed down considerably. However the BPO and IMA orders have remained steady. This is due to the enormous amounts of Asset Management. What is Asset Management? These are properties where the borrower is behind on the mortgage payments and forecloure is getting closer, the lenders are trying to assess the present value of the property. Agents can expect a higher number of REO listings in the coming months. My estimates are after 2008 things will begin to normalize.

Posted by Valuations Today on May 22nd, 2008 8:00 AMPost a Comment (4)

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For Beginners

May 27th, 2008 10:14 PM

For beginners I think it's vitally important to subscribe to at least one other source for closed sales other than your local MLS. RealQuest and Win2Data are great examples. Next purchasing a short training course and getting your hands on a good list is equally important. It takes a while but eventually you'll be getting a steady stream of work. Some BPO companies are harder to deal with than others when it comes to submitting reports and most important getting paid. Our course and list at Valuations Today handles all of these issues and is a great start to your business.

Posted by Valuations Today on May 27th, 2008 10:14 PMPost a Comment (3)

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