Different BPO companies use different forms with different fields on them. Sometimes 1 company has multiple forms. Did you ever notice that they always give you the wrong form for the property? One company has a form with questions about a guest house. I have always answered no guest house. I finally get a BPO with a guest house. Guess what, they used a different form that did not ask about a guest house. You know a lot about a property or the area that it is in. You could write a book about it. You get the form that allows 128 positions for comments.
Troop Real Estate Inc. - Moorpark, CA
Realtor, Real Estate Agent, Homes, REO - Moorpark, Simi Valley
Hi Matt,
I know your frustration.
The guest house will show up on title so you include the square footage. two weeks later you're asked to re-do the BPO based on a lesser square footage because that's what information the lender has or that's what the appraiser said. Then when you want to tell them EVERYTHING about the property so they can make informed decisions you can't get all the verbage into that tiny box.
It is maddening isn't it? We should all get together and lobby for a standardized form with plenty of room for comments. And...............all this for $50???!!!!!
Rudy
Oct 04, 2009 03:37 PM
Comments(2)