the interesting thing about REO properties is that they are made available at a discount to real estate investors due to being owned by the bank. so they are called real estate owned houses and will continue to flood the market due to the high number of foreclosures.
Some agents have been able to profit from foreclosures and short sales by representing the buyer and the seller in their local districts. BPO is when the value of the property is determined by other homes in the area, the condition of the home and how fast properties will sell once put on the market.
This is where the name Broker Price Opinion came from.
by Donte Mazyck 9 years ago
Now is the time to step into the real estate industry and make money. Warren Buffet, the worlds richest man, said during turmoil is the time to make staggering profits. With the real estate market close to the bottom its time to get into houses and ride the appreciation or profit...
by Kelly Kline Burnett 8 years ago
I think the next 3 months will be the best time ever to purchase a home. Your thoughts?One agent felt that there would be another dip.I asked this question the other night and an established owner of a plumbing company felt homes over $2 million in the US were a stable value - everything...
by Joan Whetzel 5 years ago
What do you wish you always knew about real estate?Anything about buying, selling, staging, curb appeal, taking care of property in general, renting vs. owning, mortgages, foreclosures, or anything else.
by REIMillions 7 years ago
There has been many assumptions of when the real estate market will take a turn for the better. If you had pin point an exact year of when that would be what year would you determine and why?
by alisha4u 5 years ago
I am so curious to know why do people consider BPO's as bad?? They say, it's a failure for someone to work in a BPO, cuz he/ she does not possess any talent, but command over English ! What do you think ??
by pgrundy 8 years ago
This is hitting South Bend now, where I grew up. I have a house there with a renter in it that I"m about to lose:http://www.nytimes.com/2009/03/30/us/30 … y.html?hpwIt's so bizarre. The industrial midwest is getting really, really bad.
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