Archive for April 3rd, 2009

Apr 03 2009

What's a BPO?

Published by Christine under Mortgage, Real Estate

This is short-sale speak for a market analysis. A Broker Price Opinion is ordered by a bank that is considering the acceptance of a short sale offer. A broker or independent agent will evaluate the home (in person) and check comps in the area to provide feedback to the bank on their opinion of the current market value. This is done before a bank will approve the short sale and respond to prospective buyer.

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