Okay, people...if you are facing a foreclosure and trying to do a Short Sale, then do what it takes to get it done.
I do BPOs (Broker price Opinion) for several different banks and companies. For thos of you who don't know, BPO's are like mini appraisals and typically ordered from banks and asset managers on homes in the loan modification or short sale process. BPO's are necessary in order for the Short Sale lender to move forward with the Short Sale process.
Today, I had the typical schedule. 6 drive by (exterior) BPO's and 3 Interior BPO's. The interior BPO's were all for Short Sales. All three took the usual several phone calls over several days in order to schedule the appointment with the occupant. The first appointment was for between 9 a.m. and 10 a.m. I arrived at 9:05 a.m. and found no one there. I took exterior pics and left around 9:20 after leaving a message on the occupant's voice mail. He called and apparently thought that "between 9 and 10" meant I would get there at 9 a.m. and wait and he could get there anytime during that time...not. The second appointment surprised me and went fine. The third appointment not so good. The occupant arrived late as I was leaving. She apologized but then wouldn't let me in till they "straightened up a bit". I advised her I could not wait due to other appointments and finally she allowed me access but then would not let me take a photo of the master bathroom because it was "too messy".
I used to bend over backwards to work with the sellers and accommodate their schedules. But now, I have no time and the sellers seem to have no sense. The banks don't appreciate when they are trying to help the seller and then hear from me that the seller is being "uncooperative".
A BPO is a standard part of the Short Sale and Loan Modification process. It's also very important. First of all, if you are a seller doing a Short Sale, your home should be "show ready" at all times. And whether you are doing a Loan Modification or a Short Sale, you need to be available to assist in the process in order for the bank to do what they need to do.
C'mon folks, get with the program!
By the way, if you are a seller who needs to do a Short Sale or wants more info on the Pre-foreclosure process, contact me now!
Click on the link below for more info:
Ray Wright: Certified Pre-foreclosure Specialist
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