Always keep the appraiser's contact information!!
I have a short sale that was humming along quite nicely.
The BPO (Broker Price Opinion) was ordered a few weeks ago and I met the appraiser at the property.
I checked with the bank on this today, and they told me that they show the BPO being ordered, but no value has come in.
I told the bank that I will contact the appraiser to see if they sent it in. They were actually surprised that I had his information, but said it was OK to do that if I wanted to.
So I went back to my file and pulled the appraisers contact information.
When I spoke to him, he said that the address does not sound familiar to him.
There's probably a reason why (for those of you who read my blogs), it's because he was never really there. You can read about that episode by clicking HERE
Believe it or not, he sent his son to the property. Or at least that's what the seemingly 17-year old kid told me, anyway. But then, who knows?
Anyway, it's bad enough that happens, and if on top of that it turns out that this BPO appraisal has fallen through the cracks, heads will roll......
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