Life is tough as a Real Estate Agent. The Real Estate Boom has slowed and there are a number of agents who are struggling to find Buyers
If you are a struggling Real Estate Agent then it is time to look for opportunities that will continue to earn a hefty Income. The competition is fierce out there you need to have an edge on the competition
I was recently introduced to an ecourse designed to teach Real Estate Agents how to get Bank REO Foreclosure Listings and Complete BPO's.
Here is a short explanation for those reading who do not understand what Bank REOs are and BPOs
A BPO, or Broker Price Opinion, is a tool used by lenders and morgage companies to
value properties in situations where they believe the expense and delay of an appraisal is not necessary.
Real estate brokers are given an order to do a BPO by the lender, mortgage company or loss mitigation company.
The broker does either a Drive By BPO or an Internal BPO in most cases.
Learn about doing BPOs here, when they are used, the types and requirements of each.
The reasons and timing for using a real estate broker for a BPO might include:
# The cost of an appraisal is to be avoided.
# Delinquent payments and pending foreclosue.
# In a refinance situation.
When refinancing for lower rates or other reasons is a booming market,
lenders are doing a great many of these loans. In many cases, the home has a
recent mortgage where a full appraisal was performed. To lower costs,
the lender may decide to hire a real estate broker to do a BPO, or Broker Price Opinion.(BPO)
In cases where a lender is considering foreclosure, or even if they are working with the
borrower to come up with help with their situation, the lender will order a BPO. This allows
them to get a reliable estimate of the current value of the property, compare it to the mortgage balance,
and recommend solutions.
Many times homeowners get in over their heads when it comes to purchasing a new home.
If they have taken out a loan from the bank and are unable to make their payments their home
will be turned over to the bank. From there the bank will place the property on the market for auction or sell.
These types of properties immediately become REO Properties and are generally a steal to catch.
Lots of savvy home buyers want to hit the jackpot and buy that REO foreclosed home, many of which are
often under-priced.
When banks price REOs under the comparable sales, multiple offers are often the response.
Society today is forever searching for a way to develop a lifestyle where they do not have to go to the office everyday where they work for a minimum wage.
Young People are looking for opportunities to make money fast. Not only that but also have a recurring income that will feed their wallets for the games they like to play.
Having the Real Estate Offers at Rock Bottom prices are what these guys are looking for. We have a way to teach you how to get into the BPO REO Business.
This ecourse outlines how you can get MORE BPO's and Bank REO Listings than your competitors.
Are you ready to be the one Lining up at the bank cashing your cheques?
Are you ready to learn what it takes to see the glass half full?
Study up on the advantages of mastering the BPO REO Market
There is money to be made in the Real Estate Market. The trick is tapping into the Market that has the ability to be profitable in these troubling times. If you would like to profit from Real Estate and want to have the edge on your competitors come take a look at the ecourse that will keep your finances fat in 2010 http://tinyurl.com/yc2af4e
Sunday, January 24, 2010
Friday, January 8, 2010
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