12 Oct What is a BPO?
A BPO is a Broker’s Price Opinion which is an evaluation of a home/property typically done by driving by the property, reviewing public data sources and recent comparable sales. This is ordered by the mortgage servicer and or lender as an alternative to a full appraisal of the property and is done after the loan is considered in default or upon loan modification.
Typically, a debtor is unaware that a BPO has been done on their property, much less that they are being charged for the BPO.
Latest posts by Jay Fleischman, Esq. (see all)
- 5 Things You Need To Know About Bankruptcy Exemptions Before Your Case Is Filed - August 28, 2013
- Beware Of This Person When Trying To Wipe Out A Second Mortgage In Chapter 13 - August 26, 2013
- Our Best Tips For Filing For Bankruptcy Without Your Spouse - August 22, 2013
- 5 Ways To Celebrate Financial Literacy Month - March 31, 2013
- Burning Money With Handcuffs On - March 21, 2013