negotiator: What is a BPO, and why is it used? - 11/16/11 02:22 AM
What’s a BPO, and why is it used?
Common questions I receive as a real estate broker surround short sales, and more specifically, the steps taken to complete the short sale process.  A BPO is a very important step in the short sale process because it gives the lender an idea as to whether the offer that’s been made by the prospective buyer is a fair one.  What’s a BPO, and why is it used?  A BPO is a “Broker’s Price Opinion,” and it’s used by the existing lender, or lender’s, to determine a fair market value for the home that’s … (1 comments)

 
Jesse Gonzalez

Jesse Gonzalez

Santa Rosa, CA

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