Is Completing BPO The Solution?

If you think times are tough now wait to till the $600 Billion in Adustable Rate Mortgages Reset in later 2009, and 2010!

When The Foreclosure Landslide will be fully underway taking as many victims with it as possible.

Especially Real Estate Agents. It’s no secret that Real Estate Agents are having a tough time making ends meet.

Not to long ago everyone was getting their real estate license so they too could broker some deals and put some extra mooolah in their pockets.

Now most real estate agents are jumping ship like the passengers on The Titanic.

But not the agents who are turning the capitulation around in their favor.

How do you ask is it possible for Real Estate Agents to be making any money right now. Well I have 1 word for you BPO.

BPO Companies and Banks REO Foreclosure Departments now more than ever need Broker Price Opinions to help value all the homes they are repossessing now, and will be repossessing in the future. These foreclosed homes have to get new BPO valuation opinions from local real estate agents so that the bank can list the properties for sale on the market.

Real Estate Agents across the country are starting to get hip to this new demand and are making $60k to $100k per year just by completing BPO’s for the banks.

The best part is that typically after completing a number of bpo’s for the banks the agent has an opportunity to work towards getting the Bank REO Property listing assignments.

Right now this is where the gravy train is riding strong. The Bank REO Properties are usually priced to move making for shorter more profitable transactions for real estate agents.