Do Agent's Low Ball BPO's To Get Listings? According To An Article In The Washing Post - They Might - 03/28/09 05:17 PM
Dear Ken,
I read your article. (Sunday, March 28, 2009 - The Washington Post Real Estate Section Page F1)
I will have to respectfully take exception to the comments regarding agents and the low-balling of BPO's.
As a full time Realtor in the Washington DC market who is pretty deeply involved in the foreclosure market, and who has completed quite a few BPO's in the last couple of years, I can tell you that low-balling BPO's would not and does not work.
Yes, banks do use BPO's in the valuation process, but it is only one piece of the pie. They … (37 comments)