appraisals: APPRAISALS vs. BPOs: Can we please put an end to this insanity? - 08/12/11 05:44 AM
 
Today I want to address a question that I have long wondered about and have no good answer for, and that is why are BPOs ordered by lenders for short sales instead of appraisals?
 
Let’s think about this, and look at a few examples. When an investor, such as Fannie Mae, "invests" in a mortgage loan, they won’t accept a loan without an appraisal. Similarly, before a lender approves a loan, they don’t order a BPO, they order an appraisal. The most puzzling and irrational example is when the buyer and seller have the same lender...which is common with … (247 comments)

 
Broker Patty Da Silva Da Silva, Top Listing Broker ( Green Realty Properties® - 954-667-7253)

Broker Patty Da Silva Da Silva

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Cooper City, FL

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Green Realty Properties® - 954-667-7253

Address: 5556 S Flamingo Road, Cooper City, FL, 33330

Office: (954)667-SALE (7253)

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