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Who is this stranger taking pictures of my house?
Hi! This is Nathan Olotoa with www.59days2sold.com and www.Seattleshortsalesagent.com and I specialize in short sales in the tacoma and seattle areas. Today I would like to answer a question that many people who are in distress may have. Who the heck is this stranger taking pictures of my house?
If you are currently attempting to short sale your home, do a loan modification, or you have simply missed a mortgage payment you may notice that, from time to time, someone will drive by or walk up and take pictures of your house. Don’t worry this is not someone staking out your house. What is most likely happening is your bank is trying to get an idea of the value of your home. This is called a BPO.
What is a BPO? It means Broker Price Opinion. Once you begin to miss mortgage payments or begin the short sale or loan modification process the bank starts to become proactive in attempting to figure out what you home might be worth. They do this by hiring Real Estate Brokers, like myself, to interpret the market, evaluate your home and find out what it may be worth in todays market.
There are two types ... more

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