Why was there record BPO volume this week?

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John Peak (Get Your FREE BPO Company List)

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Rainmaker
4,328,832

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

I've not heard anything about this. No on my radar.

Feb 11, 2017 06:46 PM

Upvote

3

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC
Julie Larson Realtor® ...

Sarasota, FL

Rainmaker
938,455

Candice A. Donofrio

Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ

928-201-4BHC (4242) call/text

Because foreclosure filings spiked 27% in October (over September) 2016, and those homes are about to hit the auction block (although it doesn't look like your state is one of the highest)?

As an aside, THANK YOU for NOT answering your own question in the question. 3:)

Feb 11, 2017 04:13 PM

Upvote

3

Candice A. Donofrio

Fort Mohave, AZ
Debe Maxwell, CRS

Charlotte, NC
Fred Griffin Florida R...

Tallahassee, FL

Rainmaker
5,579,293

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

I wish I could aks "why are there so many listings flowing on the market?" NOT....

Feb 11, 2017 02:56 PM

Upvote

3

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

Rainmaker
4,434,128

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

How would I know?

Feb 12, 2017 04:56 AM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Michael Jacobs

Pasadena, CA

Rainmaker
4,244,979

Michael Jacobs

Pasadena, CA

Los Angeles Pasadena 818.516.4393

I haven't completed a broker price opinion in years.

Feb 12, 2017 04:37 AM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
3,070,784

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Was there?

Feb 12, 2017 04:01 AM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Ambassador
3,986,960

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

I am not seeing it in my market. It hasn't seemed to spike yet.

Feb 11, 2017 11:00 PM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Ambassador
4,511,679

Debe Maxwell, CRS

www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC

The right Charlotte REALTOR!

Not in my market! Goes to show, real estate is local, local, local!

Feb 11, 2017 08:06 PM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Julie Larson Realtor® ...

Sarasota, FL

Rainmaker
1,157,535

FN LN

Toronto, ON

Where was this record made?

Feb 11, 2017 06:58 PM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
1,346,974

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

& Host of Postcards From Success Podcast

Says who?

Where?

They did not here.

Feb 11, 2017 06:26 PM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Ambassador
2,604,703

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

IDK

Feb 11, 2017 06:11 PM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
1,708,235

Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

If you are the expert then you should tell us.

Feb 11, 2017 03:13 PM

Upvote

2

Anthony Acosta - ALLAT...

Atlanta, GA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
2,100,602

Anthony Acosta - ALLATLANTACONDOS.COM

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

Have not heard about this, can you elaborate please?

Feb 12, 2017 08:45 AM

Upvote

1

Anthony Acosta - ALLAT...

Atlanta, GA

Rainmaker
624,808

Alexander- Slocum

Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA

Realty Team- Vancouver WA Real Estate

"When Elephants Dance, Ants Die" The Fed (Elephant) owns about $1.8Trillion in MBS (The Investor). Perhaps they are "tidying up" their MBS holdings to make them marketable to Wall Street.

Feb 12, 2017 08:21 AM

Upvote

1

Candice A. Donofrio

Fort Mohave, AZ

Rainmaker
1,466,027

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

John Peak I have no idea. On my list of 10 important things to do, BPO's are at about 100. Candice A. Donofrio has a good response.

Feb 12, 2017 06:13 AM

Upvote

1

Candice A. Donofrio

Fort Mohave, AZ

Rainmaker
3,376,868

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

I had a very good week for bpos, completed 40 in the last 7 days. 3 REO listings this week. My goal is 2 a day although i can fit in 4 a day with ease. I like when they give my a weeks worth at once, so i can set my own schedule of when and where to be during a normal sales day

Feb 12, 2017 05:35 AM

Upvote

1

Alexander- Slocum

Vancouver, WA

Rainmaker
808,903

Kasey & John Boles

Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID

Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Where did you get this information? Your own personal business experience or some recorded data? Local or national?

Feb 11, 2017 05:41 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
1,425,000

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

No clue. Don't follow BPOs.

Feb 12, 2017 03:15 PM

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Ambassador
3,145,640

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate

You are the "expert" ... tell us why.

Feb 12, 2017 09:42 AM

Upvote

Rainmaker
4,433,809

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Feb 12, 2017 08:38 AM

Upvote

Rainmaker
4,278,363

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Have not done a BPO in a long time.

Feb 12, 2017 08:13 AM

Upvote

Rainmaker
6,967,131

Roy Kelley

Retired - Gaithersburg, MD

I have no idea.

Feb 12, 2017 08:05 AM

Upvote

Rainmaker
2,051,305

Michael J. Perry

KW Elite - Lancaster, PA

Lancaster, PA Relo Specialist

People falling behind in their payments ?

Feb 12, 2017 07:34 AM

Upvote

Rainmaker
4,799,651

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

No clue.

Feb 12, 2017 06:01 AM

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Ambassador
4,316,065

Praful Thakkar

LAER Realty Partners - Andover, MA

Andover, MA: Andover Luxury Homes For Sale

John Peak, I usually do not track these numbers. (Or I did not see it in my market.)

Feb 11, 2017 10:26 PM

Upvote

Rainmaker
1,178,943

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

Refi- way down

PMI removal-no

Heloc-steady

An online reo broker had 2 during 2016, previus year 15 listing. Expect close to 1 during 2017.

No, there is no increase in the work other then one lender sent bulk(cheaper) to your area.

Feb 11, 2017 08:29 PM

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Ambassador
1,616,454

Harry F. D'Elia III

RentVest - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

perhaps more refis

Feb 11, 2017 04:26 PM

Upvote

Rainmaker
3,986,000

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

I have not heard of an increase but if there is one it would be because of home owners not having enough skin in the game to care.

Feb 11, 2017 04:10 PM

Upvote

Rainmaker
5,767,371

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

John

Have not heard

Feb 11, 2017 03:58 PM

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Ambassador
3,944,679

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

I haven't received any is it regional?

Feb 11, 2017 03:42 PM

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Ambassador
5,699,724

Bob Crane

Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI

Forestland Experts! 715-204-9671

Did not know that there was, probably just asset managers getting a handle on the numbers.

Feb 11, 2017 02:54 PM

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Because foreclosure filings spiked 27% in October (over September) 2016, and those homes are about to hit the auction block (although it doesn't look like your state is one of the highest)?

As an aside, THANK YOU for NOT answering your own question in the question. 3:)
I wish I could aks "why are there so many listings flowing on the market?" NOT....
I am not seeing it in my market. It hasn't seemed to spike yet.
Not in my market! Goes to show, real estate is local, local, local!
"When Elephants Dance, Ants Die" The Fed (Elephant) owns about $1.8Trillion in MBS (The Investor). Perhaps they are "tidying up" their MBS holdings to make them marketable to Wall Street.
John Peak I have no idea. On my list of 10 important things to do, BPO's are at about 100. Candice A. Donofrio has a good response.
I had a very good week for bpos, completed 40 in the last 7 days. 3 REO listings this week. My goal is 2 a day although i can fit in 4 a day with ease. I like when they give my a weeks worth at once, so i can set my own schedule of when and where to be during a normal sales day
Where did you get this information? Your own personal business experience or some recorded data? Local or national?
John Peak, I usually do not track these numbers. (Or I did not see it in my market.)
Refi- way down

PMI removal-no

Heloc-steady

An online reo broker had 2 during 2016, previus year 15 listing. Expect close to 1 during 2017.

No, there is no increase in the work other then one lender sent bulk(cheaper) to your area.
I have not heard of an increase but if there is one it would be because of home owners not having enough skin in the game to care.
Did not know that there was, probably just asset managers getting a handle on the numbers.