BPO: Broker's Price Opinion. These are generally ordered by banks, asset managers and relocation companies wishing to determine the FMV (Fair Market Value) of a property. These are not appraisals! A BPO will look at he subject property, 3 recent and comparable sales and 3 active listings. Then factor in any needed repairs and determine a FMV.
- Agents can sign up with any number of companies and be on the list to be contacted when a reque
st for a BPO is made within their area.
- Expect to earn anywhere from $40 to $150 for doing a BPO depending on it's complexity. Some just require a drive by and 3 exterior photos others are more complex and require an interior inspection, photos of all rooms and prices for required repairs.
- You can expect payment to take up to 30 days after completion as most companies cut their checks either every 2 weeks or every 30 days.
- Each supplier will have their own website and forms which are completed on-line and the photos uploaded to their site.
- Below is the first part in my BPO list. I cannot, however, vouch for the payment history with these companies and will let the agents that have experience with them comment on this post.
- Doing BPO's is a great way to increase your knowledge of values in your area and make some income in this slow market.
Harbor Asset Management
Home EQ
iMortgage Services
IndyMac Bank REO
Integrated Real Estate Processing
JEM REO Resourses
Keystone Asset Management
Land America
Lenders Financial Services
Lighthouse Real Estate Solutions
Main Street Valuations
Mark to Market
MGIC Real Estate Valuations
National Default Serviceing, LLC
National Foreclosure Services
National Vendor Management Service
NationStar Mortgage
Nationwide BPO's
Nationwide REO Brokers
NorthPoint Realty & Asset Management
I have lived in Maryland all my life and been an active real estate professional for the last 20 years.
If you have a home to sell in Baltimore County, Baltimore City, Harford County or Cecil County call an agent that knows the area and works hard to make you a satisfied client. I specialize in Bel Air, Abingdon, Aberdeen, Forest Hill, Perry Hall, North East, Kingsville and the entire I95 corridor. For 20 years I have helped people buy and sell real estate and specialized in REO and foreclosure properties for investors and homeowners.
When I am not helping my clients with their real estate needs I enjoy spending time with my family and my Pomeranian Zeke, bible study, gardening and foreign mission work. In 2007 I founded Micah Missions a non-profit company designed to raise awareness and funds to assist the struggling Haitian refuges in the Dominican Republic.
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I have worked for Nationstar as a REO listing agent and have had great asset managers.