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Cory Ph.D Boatright. Magic BPO Success Secrets
Introduction
But why would you want to learn from me?
A Glance at the Real Estate Market “Epidemic” Today
The Short Sale Solution
Breaking Down the Broker Price Opinion
Figuring out the Lenders BPO
What is The House Type and How Does It Affect the BPO?
Cory’s Short Sale Classifications
Learning the Loan Types How the BPO Value is Determined from Each One
Memorizing the Percentages
Here are more percentages you need to memorize
The Major Differences between Appraisals and BPO’s
Paying for a BPO
Understanding the BPO
Pre-Foreclosure & Foreclosure
The Timeline for Foreclosures
Foreclosure Laws of Individual States
The Court System
Time to Submit a Short Sale
Let’s Discuss the BPO Process & How It Can Be Influenced
The Experienced Appraiser
The Newbie “Green” Real Estate Agent
The Experienced BPO Real Estate Agent
The “Nazi” REO” Broker
Become a BPO Agent Investigator
Get Prepared for the BPO Encounter
The Three Things You Need To Bring To A BPO Meeting
All About the Comparables
Your comps also need to be
Finding Comps that Work
Repair List
A Recent Appraisal or BPO
Bring Your Offer and Come Prepared
Say “Hello” to the BPO Agent
The BPO Paperwork for the Bank
Helping the Agent More than the Bank
Communicate, Communicate, Communicate
Gaining the Upper Hand
Loss Mitigation
Winning Friends and Influencing People
The “Do’s and Do Not’s”
What You Can and Cannot Say to the BPO Agent
Being a Bit of a BPO Ninja or Using Powerful Tactics
The Follow-Up Process. Getting the BPO Back to the Bank
Referring Business to the BPO Agent
Finally...Following Up With the BPO Agent
Here are some Great Resources
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Hi guys. We all know that the real estate market has changed drastically over the past few years. More than ever, Americans are falling behind on the mortgage payments, and putting as many foreclosure homes as resale on the real estate market. With foreclosures on the rise, the real estate market has taken a major blow, with one exception - the realm of SHORT SALES!!
Many are aware of the short sale, but very few are continuously making ample profits from them, investors and Realtors alike. It's astounding, really, that more people aren't taking advantage of short sales when the biggest hurdle to overcome is getting the sales approved by the banks.
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REPAIRS: $11-20,000 (11-20%)
BPO: $80,000 +15%
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