Keyword: BPOs
Short sales – how to overcome a poor appraisal
As part of the short sale process, short sale lenders conduct appraisals or Broker Price Opinions (BPOs) on the subject properties. In the wild world of short sales, sometimes the BPOs come in very high, and other times they come in very low. It’s not surprising that the results are so disparate, especially when some lenders hire BPO agents from outside ...
The evolution of the Broker Price Opinion – harsh words on industry changes
The evolution of broker price opinions Broker Price Opinions- I spend a good portion of the working week completing quite a few of them, just as many other Realtors do. Even before the passage of the Dodd-Frank Act, BPOs could not be used for new, purchase, government backed loans. What they were used for (and are still used for) is dropping PMI, ...
No More BPOs For You! (How You Could be Violating RELRA)
Take a moment: If you are a Realtor (especially in Pennsylvania) who has been performing BPOS (Broker Price Opinions) for lenders, you might want to stop and take a moment to read this. Perform a BPO and you may be violating the Real Estate Licensing and Registration Act (RELRA) and the Real Estate Appraisers Certification Act, and could be prosecuted ...
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Short sales – how to overcome a poor appraisal
As part of the short sale process, short sale lenders conduct appraisals or Broker Price Opinions (BPOs) on the subject properties. In the wild world of short sales, sometimes the BPOs come in very high, and other times they come in very low. It’s not surprising that the results are so disparate, especially when some lenders hire BPO agents from outside ...
The evolution of the Broker Price Opinion – harsh words on industry changes
The evolution of broker price opinions Broker Price Opinions- I spend a good portion of the working week completing quite a few of them, just as many other Realtors do. Even before the passage of the Dodd-Frank Act, BPOs could not be used for new, purchase, government backed loans. What they were used for (and are still used for) is dropping PMI, ...
No More BPOs For You! (How You Could be Violating RELRA)
Take a moment: If you are a Realtor (especially in Pennsylvania) who has been performing BPOS (Broker Price Opinions) for lenders, you might want to stop and take a moment to read this. Perform a BPO and you may be violating the Real Estate Licensing and Registration Act (RELRA) and the Real Estate Appraisers Certification Act, and could be prosecuted ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
