Broker Price Opinions

Also known as BPOs in the  distressed or real estate owned world. Most servers will order a bpo, typically preformed by a local realtor to give a hard and fast opinion on value. A BPO is ordered to give the investor an idea of what his investment is worth in real time. The investor through their servicer will order an appraisal if the value on the BPO is too low or if there is a significant variance between 2 values.

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