Freddy A. Saavedra

I have recently found a company that creates software for BPO automation, as well as, auto acceptance software.

So I finally know why after all the BPO blasts I receive, every time I logon the BPO is already gone! mistery solved. Now I am looking to see if it is worth the time to incorporat this software into my business.

Have any of you used either software? Any thoughts? Who's the best? Any advice would be greatly appreciated!!

Servicing Lender-Owned Properties in Maricopa County, AZ in thefiollowing zip codes:

85338,85099,85098,85086,85085,85082,85080,85079,85078

85077,85076,85075,85074,85073,85072,85071,85070,85069

85068,85067,85066,85065,85064,85063,85062,85061,85060

85055,85054,85053,85051,85050,85048,85046,85045,85044

85043,85042,85041,85040,85039,85038,85037,85036,85035

85034,85033,85032,85031,85030,85029,85028,85027,85026

85025,85024,85023,85022,85021,85020,85019,85018,85017

85016,85015,85014,85013,85012,85011,85010,85009,85008

85007,85006,85005,85004,85003,85002

85001,85339,85353,85323

Just wanted to share one of the few directory websites for REO/BPO companies that have yielded positive results for me.

Like many Realtors®, I tried signing up with multiple companies in order to get a foothold in the REO/BPO business. Many hundreds of dollars later, I discovered that the vast majority of companies could not deliver the promised exposure to asset managers and bpo companies.

Reonetwork.com, is one of the very few companies that have yielded results for me. The relationships I currently have with BPO companies and REO asset managers found me on Reonetwork, and, guess what? I never paid Reonetwork a cent. I signed up with them, on the free service, and, have been able to gain valuable contacts, that found me there.

So if you havent yet, I would highly recommend signing up with them, and, if you can definitely pay the extra amount for the added exposure on their site.

Servicing Lender-Owned Properties in Maricopa County, AZ in thefiollowing zip codes:

85338,85099,85098,85086,85085,85082,85080,85079,85078

85077,85076,85075,85074,85073,85072,85071,85070,85069

85068,85067,85066,85065,85064,85063,85062,85061,85060

85055,85054,85053,85051,85050,85048,85046,85045,85044

85043,85042,85041,85040,85039,85038,85037,85036,85035

85034,85033,85032,85031,85030,85029,85028,85027,85026

85025,85024,85023,85022,85021,85020,85019,85018,85017

85016,85015,85014,85013,85012,85011,85010,85009,85008

85007,85006,85005,85004,85003,85002

85001,85339,85353,85323

Fredie Mac's new First Look Initiative, will allow potential homeowners and non-profit companies, the ability to compete exclusive of investors during the first 15 days of a Fredie Mac listing. This is great news for all involved since, homeowners will not have to compete for the same home as an investor, pricing can generally stay reasonable, and, allow for buyers using NSP programs a better chance of getting contracts accepted.

This summer as the Tax Incentive period ended, the competition for homes was such that a buyer who wished to purchase as an owner pccupant, would have to submit mulitple offers, sometimes significantly over asking price in order to be competitive with investors, regular FHA, and, conventional buyers. Home buyers using NSP funds must stipulate in the contract that "the sales price cannot exceed 99% of appraised value," and if Fredie Mac was looking at only the bottom line very few of these buyers would be able to purchase.

REO's that are aproperly priced will normally beunder contract within 15 days in Maricopa County. Since any Fredie Mac home listed for over 15 days was likely deemed undesirable by owner-occupants, many times due to condition of property not eligible for FHA financing, or with FHA with NSP. Investors can simply look for Fredie Mac homes listed over 15 days, and, offer accordingly. The pool of available homes is smller but is already handpicked for them. Also with less competition for these homes, pricing may trend lower.

Homeowners get an oportunity to purchase, investors will have less competition for Fredie Mac homes listed over 15 days, and, Fredie Mac sells their best homes to owner ocupants, and, homes that where probably going to be bought by investors anyways, should be easier to find for investors. All-in-all this is great news for all involved.

After reading many, many of the featured blogs I am still at a loss as to the reason some articles get featured and others dont. I have written about every subject I could think of and still no success. So like many of you out there I blog and blog looking to join the ranks of those lucky few individuals who get prominent display on Active Rain. Even though I have not found a definite formula that I can see to getting featured I do see a few things that many featured blogs have in common.

1. Make it interesting-> Subject matter is the end all be all of blogging on the Rain. Featured posts all tend to be interesting in whatecer subject they are covering. From comenting about the local market to tips on REO Listings, most featured sites have something important to say about the subject matter, either a unique prspective into a subject or a whimsical story to bring the subject home to the reader.
2. Make it fun-> Read a featured article and you will see that you have no problem making it through the entire blog. Precise and to the point is a characteristic of most blogs I see on the featured pages.
3. Jazz it up-> Though not as important as the other two items, I have found that many featured blogs have many items to catch the eye and make it more visually interesting. Be it a picture a drawing or simply a bright signature, many of theblogs I am finding are easy to navigate through since it is not just costant words but as well.
4. Post it to the right places-> Have you noticed that many of the featured blogs come from the same groups? That is because some groups are much more active than others and posting your blog to the right place will ensure more comments and therefore more attention. More attention, more peopleseeing and commenting on your blog multiply the possibility of someone posting your blog for featuring.
5. Practice makes perfect-> Needless to say that most featured posts are not the first posts for those individual bloggers. Most featured bloggers are very experienced and most are the daily rainers, who seem to be everywhere on the rain. It must be that once you get into your writing groove that you are able to post something that makes people not only read it but recommend it to others to read as well. Look through the featured blogs in your city or state page and you will find these and other similaritites amongst them.

Many more experienced Rainers may have the actual formula for getting featured all I have so far is the preceding tips, but, I'll keep trying to make it there, good luck to those of you who havent made it there either.

Freddy Saavedra

Realtor®, e-Pro, Certfied REO Specialist

Working REO Properties in Maricopa County:

85338,85099,85098,85086,85085,85082,85080,85079,85078,85077,85076,85075

85074,85073,85072,85071,85070,85069,85068,85067,85066,85065,85064,85063

85062,85061,85060,85055,85054,85053,85051,85050,85048,85046,85045,85044

85043,85042,85041,85040,85039,85038,85037,85036,85035,85034,85033,85032

85031,85030,85029,85028,85027,85026,85025,85024,85023,85022,85021,85020

85019,85018,85017,85016,85015,85014,85013,85012,85011,85010,85009,85008

85007,85006,85005,85004,85003,85002,

85001,85339,85353,85323

I recently ran into an investor who I was working for as a selling agent 2 years ago. Without saying names this was the type of client who would look to get as much as possible from his property, without taking anything else into consideration but his own demands.

I marketed his property for over 6 months at fair market value and brought him four contracts. My client would not even consider doing any type of assistance towards the buyer, not a home warranty, closing costs and of course not Down Payment Assistance. The market was coming down in a hurry and I suggested he reconsider not being so demanding in his counteroffers. This gentleman consdered to be doing the buyer a favor simply by selling him this home, which, was a simple run of the mill home for which he had paid cash as an investment.

My client purchased the home for close to 200k cash. I brough him an offer for 320k asking for closing cost assistance( which was perfectly normal for our market at the time), my client countered by actually raising his net even without giving the buyer any assistance. I tried as best I could to make him see that he was making very stringent counteroffers, at one time he wanted part of the counteroffer to reduce both agents commisions.

The home was vandalized 3 times during the year that I was in contact with him and he would still not bend from his frugal ways. I managed to bring the price down as the market was declining by over forty thousand dollars, but, bringing him a contract only upset him and he would refuse to negotiate, relying on the fact that the home was already reduced in price. Of course he would not take into consideration that the market was in a steep decline. Needless to say I was never able to sell his property. Many agents have come and gone and nobody has succesfully closed on that home.

That same home is today worth less than 75K. I was contacted by this client to see if I was willing to lower my commision for the privilege of marketing this home again. I politely declined and went about my business. I had already worked my butt off for this client for over six months and his inability to take advice and my inability to get through to him doomed us from the start. I know he has worked with many agents with that same property with no success.

I wish him the best of luck and truly hope he can get the home sold or leased to at least produce him some income. Unfortunately, I feel his frugaility will stay in the way of a succesful close, regardless of how good the agent is.

I know many of you out there have had a client like this and you feel like you are going to be that great agent who gets through to the seller and is able to come through where other agents failed, only to realize after much time and marketing dollars spent, that it is not the agent in this case but the client who is the problem.

I would offer this advice to any agent out there: If you are presented with a home to sell and it has been on the market for a long time with different agents, look closely and try to find out if theproblem is in fact the seller and not the agents. More often than not, I believe, you will find this to be the case.