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Where have most of the REOs gone>>

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JT1974

Senior Member
Joined
Dec 16, 2006
Professional Status
Certified General Appraiser
State
Wisconsin
Here is a clip from the "testimonials" section of the website.

I'm a Full-time Real Estate Agent and Property Manager. I came across Jim Lewinski and his BPO Wealth System package after receiving an email from him. I can't believe this opportunity that is out there for Real Estate Agents like me and thousands of others. I bought his package and after following his simple guidelines and becoming an affiliate of all the vendors and outfits he instructs you to partner with, I am now making an average of $2,000.00 per week! Plain and simple. This is too much fun! Thanks BPO Wealth Systems!

- Vito Lirosi
Appraiser
Schultz Appraisal's
[email protected]


Why would an appraiser be thrilled about doing BPO's for $50 a pop?
 

Hamlet

Elite Member
Joined
Aug 14, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
Sounds like the new get rich quick scheme for Mr. Lewinski.

Now the agents can do BPOs on the homes they sold to people and pay Mr. Lewinski for all the inside tips.:Eyecrazy:
 

Offshore

Senior Member
Joined
Dec 25, 2005
Professional Status
Certified Residential Appraiser
State
North Carolina
I've always been amazed at how different lenders have different methods for dealing with delinquencies and REOs. I'm seeing an increase in interior orders and not as many pre-foreclosures. I get BPO requests constantly and turn them down, but I do track them, often they end up ordering an appraisal after the lender sticks a fork in it months later.

As far as the BPO courses, it's a rotten trick actually, most appraisers are guys and what male is going delete an email solicitation from someone named Lewinski? :new_smile-l:
 
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