BOA, SG & Lockboxes............... - REO Property Preservation Forum
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post #1 of 19 (permalink) Old 11-27-2012, 08:12 PM Thread Starter
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BOA, SG & Lockboxes...............

Anyone else getting sent out to BOA properties with just lockbox orders?? Since SG took over i have put DOZENS of lockboxes on BOA homes. No idea who ever uses them. Everyone i know from appraisers, to realtors, to QC people and of course contractors all have keys. I can't tell you the last time i have ever used a lockbox to gain access. Anyways they are giving a 5 day turnaround time so i have been telling them $35 trip charge + the lockbox or they can wait till i go by the house in the the future.......................
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post #2 of 19 (permalink) Old 11-27-2012, 08:15 PM
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I put a bunch on through a regional recently for BOA(not SG national though). They must have made the executive decision to start putting LBs on properties.

I agree keys usually work, but when you deal with property that have tons of random contractors that have worked on them, who knows what key code they used. I went to one the other day that had nice brushed nickel knobs and an expensive lockbox on it. Must have run to the local hardware store to get them.
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post #3 of 19 (permalink) Old 11-27-2012, 09:49 PM
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Back in the beginning of October Boa started demanding LB's on all homes.We also have a 6 day cycle and most of my work is in the inner city so it has not been a problem stopping by for 2 mins when I'm in the area.
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post #4 of 19 (permalink) Old 11-27-2012, 10:01 PM
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Originally Posted by mtmtnman View Post
Anyone else getting sent out to BOA properties with just lockbox orders?? Since SG took over i have put DOZENS of lockboxes on BOA homes. No idea who ever uses them. Everyone i know from appraisers, to realtors, to QC people and of course contractors all have keys. I can't tell you the last time i have ever used a lockbox to gain access. Anyways they are giving a 5 day turnaround time so i have been telling them $35 trip charge + the lockbox or they can wait till i go by the house in the the future.......................

If you are a realtor, appraiser, or any one who makes a living in this industry why would you not have keys?

I know you can rekey locks which usually means you know how to pick. It has to infuriate you when you hear that someone couldn't gain access.

It drives me nutts when someone tells me they couldn't get in. Channel locks will open about any door and it's $4.00 for a handset versus $50.00 in fuel to make a return. There are too many guys out there just not working smart.
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post #5 of 19 (permalink) Old 11-27-2012, 10:26 PM
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If you are a realtor, appraiser, or any one who makes a living in this industry why would you not have keys?

I know you can rekey locks which usually means you know how to pick. It has to infuriate you when you hear that someone couldn't gain access.

It drives me nutts when someone tells me they couldn't get in. Channel locks will open about any door and it's $4.00 for a handset versus $50.00 in fuel to make a return. There are too many guys out there just not working smart.




MOST of the quickset type locks can be easily opened with a screw driver.

A lot of them you can barely tell that any one was there.




As for the LB question................. my experience has been that the brothers, SG and LPS put a LB on pretty much every single property they come across.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #6 of 19 (permalink) Old 11-27-2012, 10:52 PM
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MOST of the quickset type locks can be easily opened with a screw driver.

A lot of them you can barely tell that any one was there.




As for the LB question................. my experience has been that the brothers, SG and LPS put a LB on pretty much every single property they come across.
Wrap my glove around the knob and turn it with my channels. No marks and the lock still works fine after ward. Takes maybe 15 seconds?
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post #7 of 19 (permalink) Old 11-27-2012, 11:11 PM
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I've never had one opened via channel locks work after that.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #8 of 19 (permalink) Old 11-27-2012, 11:24 PM Thread Starter
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With a good pair of rubber work gloves i have been able to twist some of them open by hand. (disclaimer, I milked cows for MANY years)
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post #9 of 19 (permalink) Old 11-27-2012, 11:25 PM
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With a good pair of rubber work gloves i have been able to twist some of them open by hand. (disclaimer, I milked cows for MANY years)
sure you're right!!!!

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post #10 of 19 (permalink) Old 11-28-2012, 12:37 AM
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a speedy rewards card works great also
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