Archive for September 24th, 2011

Bad BPO? Fight it.

September 24, 2011

I’ve learned some interesting things from the agents we work with. I can’t tell you the number of times I’ve had an agent call into the office after a BPO was finished only to learn the BPO agent was also an REO agent for the same lender. This is a BIG red flag. We try to do our homeowner FIRST and make sure the person valuating the property is NOT the same person who will get the listing if the property is foreclosed upon. Sometimes, they slip through the cracks.

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