Real estate blog entries tagged with what is a bpo by Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Gainesville, VA)

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Home : Blogs : Chris Ann Cleland, Associate Broker, Northern VA : Northern Virginia Real Estate News & Opinion : Tag "what is a bpo"

what is a bpo: What is a BPO? - 08/24/09 06:38 PM

What is a BPO? As a Short Sale Listing Agent I am asked that at least once in every transaction by my short sale sellers.
So what is a BPO? What does BPO stand for?
BPO stands for BROKER PRICE OPINION
A BPO is often ordered in lieu of an appraisal by mortgage holders when they are trying to determine the current market value of a short sale property. A BPO is cheaper than an appraisal because you can hire a Licensed Real Estate Agent to do one for $50-$100. A licensed appraiser charges $400.
BPO's give three ACTIVE listings and three … (14 comments)

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Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

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Long & Foster REALTORS®, Gainesville, VA

Address: 7526 Limestone Drive, Gainesville, VA, 20155

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