In the last couple of years, the broker price judgment (BPO) market has grown significantly. Your encounters with BPOs have probably been that you were either a real estate agent completing a BPO or you were a broker waiting for another agent to complete a BPO over a short-sale transaction to move forward in your negotiation process.
Many providers that are new to the real estate industry, or have never been involved with BPOs, are probably wondering if the market is too saturated or if you have still room for new agents. For more information about BPO, you can also visit at http://www.nexgenagency.com/.
The answer to that question is the fact that there is still plenty of room in this market if you are thinking about as being a part of it.
The BPO industry is a distinct segment industry that contains been a primary income source for Realtors across the USA within the last fewer years. Within the last twelve months, 2.87 thousand homes received notices of defaults, public sale of repossession (foreclosures).
Of these practically 1 million homes were foreclosed on this year 2010. Every single one of the foreclosures required a number of BPOs to be completed with them sooner or later through the pre-foreclosure and post-foreclosure durations.