short sale bpos: What is a BPO?
- 08/24/09 11:38 AM
What is a BPO? As a Short Sale Listing Agent I am asked that at least once in every transaction by my short sale sellers. So what is a BPO? What does BPO stand for? BPO stands for BROKER PRICE OPINION A BPO is often ordered in lieu of an appraisal by mortgage holders when they are trying to determine the current market value of a short sale property. A BPO is cheaper than an appraisal because you can hire a Licensed Real Estate Agent to do one for $50-$100. A licensed appraiser charges $400. BPO's give three ACTIVE listings and three … (14 comments)
What is a BPO? As a Short Sale Listing Agent I am asked that at least once in every transaction by my short sale sellers.
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