Well the State of Florida does it again..and all you minimum wage earners should be jumping for joy because starting Friday…minimum wage jumps to $7.25.

That’s a whopping 4 cents..thats right 4 whole cents..so if you multiply 4 x4o hours =$1.60 extra a week…

What are you going to do with all your extra money?

Brother can you spare a dime?  Apparently Not! You’d think by raising minimum wage..they would do more than just a few cents.  Do you think it’s easy living on $7.25 an hour?

Do you understand the role the Federal Reserve plays on our markets?  I admit..not my strong suit..however, recently I have been studying economics and financing.  What an eye opener.   

Click on this link and Watch this..its Alan Greenspan himself admiting the Federal Reserve Answers to NO one!

There should be additional criteria required by Banks for BPO real estate agents. It disturbs me that some miss the point of doing the BPO.

As I talk to agents who work shortsales it becomes quite clear…that maybe these BPO agents are not obtaining the true value of these properties for sale..visually…comparably..doing a fair market evaluation.  Here is what I mean….

• Why would a BPO agent care what the active listings are in the subdivision?  Why don’t they have that information?
• Why would a BPO agent take photo’s and not place the property in it’s true light meaning snap photo’s of stains on the ceiling or plumbing destroyed or an air conditioner missing?  Does that not affect the value of a property?
• Why is it as listing agents we must point out the flaws or send replacement photo’s to get the bank to see the true condition?
• I guess my point here is not all BPO real estate agents do a bad job when it comes assisting the bank to accept a short sale shortage.

A solution might be for banks offer a few more bucks to really get a true idea of a property’s condition by requiring additional data…more photo’s and quality  information.