Matt Kofsky's (mattkofsky) Blog

I ran across these comments in a short sale listing in the MLS.  Today is 06/03/2010. "This property could be a really nice home for someone.  We have not seen the interior so do not know if it will go FHA.  Seller is working on getting a key this weekend.  Please write offers subject to interior...

I have had an interesting weekend with some of my friends, fellow real estate agent.  For a little background, our prices have dropped over 50%, 75% in some parts of town.  Yes, houses that sold for $200,000 are now selling as short sales for $50,000.  R is the top agent in our company for dollar...

It just happened again.  I called a home owner to schedule an interior BPO.  They had no idea what was going on.  They did not know what a bpo was.  They did not know that anybody would be contacting them.  They did not understand the process.  They did not know anything.  Is anybody helping thes...

There are many blogs where agents brag about not returning phone calls.  Will someone please explain to me how not getting back to me so that I can show your listing helps your client?  Will someone please explain to me how not answering my clients questions and not getting an offer is beneficial...

I am doing an interior bpo on a house.  I called the listing agent and left a voicemail.  The listing says vacant, go direct, on lockbox.  I go to the house.  There is no lockbox.  I called the listing agent, leave voicemail again.  I get a phone call back a few hours later.  The owner put the lo...

Working on a BPO.  The companies keep on adding more "intelligence" to their error checking.  Unfortunately it is not that intelligent.  The BPO is for a condo.  There has been 5 sales in the past 6 months.  There are 12 condos currently listed.  That is an oversupply.  Prices are stable.  They h...

I have been thinking of organizing a local REO agent meeting.  Get 10-20 local REO agents together for lunch or dinner every couple of months.  We can talk about things that would help each other.  "I use XYZ for changing locks, he charges $100."  "I use ABC and he only charges $75."  "Who do you...

I came across this in the private remarks of a listing: "No lockbox, keys available at listing office for $2.00"   

There have been many articles recently about people flipping foreclosed houses making hundreds of thousands of dollars.  I have been wondering about this.  Each foreclosed house has had many bpos done.  Could all of those bpos been wrong?  I do a lot of bpos.  I think I do a good job.  The banks ...

I have a rental property.  My tenants recently moved out.  Everybody who applied to move in had been foreclosed on.  I chose a very nice couple.  She had been laid off earlier in the year.  It took her 2 months to find another job.  During that time, they fell behind with their loan.  Between int...