1,712,676
Foreclosures are at 4% of sales versus 50% of sales like in 2009
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Nina Hollander, Broker
Charlotte, NC
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Debbie Gartner
White Plains, NY
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Teri Pacitto
Westlake Village, CA
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jamie Lytle
Mount Vernon, OH
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Lyn Sims
Schaumburg, IL
1,466,207
jamie Lytle More than likely fewer foreclosures. I hope you aren't relying on BPO's for your business.
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Nina Hollander, Broker
Charlotte, NC
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Teri Pacitto
Westlake Village, CA
1,503,008
Sorry, not around the BPO world. Definitely less foreclosures and shortsales though as the values of homes rise.
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Nina Hollander, Broker
Charlotte, NC
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Teri Pacitto
Westlake Village, CA
4,800,082
Yes, because foreclosures have slowed.
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Nina Hollander, Broker
Charlotte, NC
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Teri Pacitto
Westlake Village, CA
556,536
BPOs for agents are becoming history. NAR is selling our sold data to asset managers and the banks through RPR. Why would they pay you a fair wage when they can pay someone overseas to do it for next to nothing.
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Debbie Laity
Cedaredge, CO
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Teri Pacitto
Westlake Village, CA
7,836,431
4,319,419
jamie Lytle - that is the indication of healthy economy and stable or strong real estate market.
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Nina Hollander, Broker
Charlotte, NC
3,727,873
Is it because there are fewer distressed sales?
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Nina Hollander, Broker
Charlotte, NC
5,049,477
Foreclosures are a much smaller % of overall sales/listings overall
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Nina Hollander, Broker
Charlotte, NC
2,224,473
Not all, but most, BPOs in my area are done on distressed properties. We are seeing fewer of them, so there are fewer BPOs.
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Nina Hollander, Broker
Charlotte, NC
3,986,258
3,988,007
Because the market improved, people are back to work, interest rates are low. There are many more investors bailing out distressed sellers.
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Nina Hollander, Broker
Charlotte, NC
352,976
Short sales and REO's have diminished greatly and there is not a demand any more. I never did them but did get SS, REO listings. Glad they are a thing of the past.
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Nina Hollander, Broker
Charlotte, NC
2,684,109
They are finally clearing out the REO inventory.
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Kathleen Daniels, Prob...
San Jose, CA
1,052,221
Because distressed property transactions have - more equity sales.
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Nina Hollander, Broker
Charlotte, NC
900,248
2,781,273
It was the banks driving BPO's . Today, CMA should do the trick most cases
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jamie Lytle
Mount Vernon, OH
138,826
Defaults are less then 5% of our market. As well many homeowners who have decided to stay put and sell have refinanced into the lower rates.
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Nina Hollander, Broker
Charlotte, NC
508,387
I know in our area it's simply because foreclosures and short sales have fallen below even historical levels now.
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Nina Hollander, Broker
Charlotte, NC
3,345,091
Jamie, I suspect it is because foreclosures and short sales are way down.
1,726,096
We haven't done any BPOs for nearly 8 years. The clearing houses ruined the margins and our time and experience is worth so much more that they are willing to pay.
3,071,489
4,936,716
The cycle, less forclosures this year but wait, it will come back again.
5,217,343
5,104,931
4,883,260
4,272,548
5,005,659
1,525,616
6,393,609
Because the folks who are willing to work for nothing either got smart or went out of business, and those who hire them are not willing to pay.
864,658
1,239,901
I imagine it is Heloc and refin and is seasonal. Should expect few wanting to refin unless one needs to take out their equity for Xmas. As for REO local prices has been over historical peak about 3 years ago. It is about 50% higher than 2005(peak).
There is one REO within 50 miles radius in SF South Bay. Pending.
1,844,301
Uhh, because foreclosures & short sales have dropped off by 50% or more in most areas?
5,583,278
1,622,432
921,504
1. The local market has changed altering the need for BPO's
or
2. The BPO's are going to someone else or another organization.
4,572,439