Freddie Gonzales - CRS, GRI, RDCPro

The following is the breakdown of short sale listings sold in the San Francisco and North San Mateo Peninsula area in 2009. As you can see, the only city that has no short sale is Hillsborough. Hillsborough is composed of high end properties in the multi-million dollar range.

Brisbane, CA - 2, Burlingame, CA - 11, Colma, CA - 1, Daly City, CA - 122, Foster City, CA - 9, Hillsborough, CA - 0, Millbrae, CA - 5, Pacifica, CA - 35, Redwood City, CA - 55, San Bruno, CA - 71, San Francisco, CA - 39 & South San Francisco, CA - 96. Datas were taken from REIL MLS.

The hardest hit city is Daly City, followed by South San Francisco, then San Bruno. Experts predict that the number of short sales to be sold this year will outnumber the REO or bank owned properties that are expected to be sold. This prediction can be true so long as the banks keep on holding properties that they have repossessed and don't dumped them in the market in the coming months.

Short sale as most of us know, has more benefits for the homeowners & lenders than foreclosures. Let's all hope that the banks do a faster approval for short sales that experts predict will come up these coming months.

Do you think predictions will be true that short sales listings and closings will outnumber REO listings in the coming months? Can you give your opinions based on your own city or regions?

Things are quite changing in my area. I used to get and be able to accept orders from PCV Murcor, RRReview, Mainstreet, M2M but not no more. I guess somebody in my area is using an auto accept software to monopolize orders coming our way. I don't want to use it although sometimes I am getting tempted to do so.

I don't want to wake up one morning to have 10 or 20 orders to be submitted within 2 days. I was wondering what quality of BPO's these agents are submitting to the banks if they have to submit them in that time frame.

I am here not only for the money but to be able to help the banks by giving them honest and accurate BPO's. I know some agents are changing datas they get from MLS or tax records just to fit the BPO guidelines.

I once did 1 BPO for IAS and I have had a hard time justifying my comps. I have to asked the valuation manager to send me the pdf copy of comps the previous agent have used 3 months ago. Much to my surprise the previous guy change the year of construction so it will fit IAS guidelines. When I sent the tax records to the valuation manager, he was so pissed off they fired that BPO agent.

What do you guys think about the pros and cons of this auto accept software?