www.ifsREO.com

Broker Priced Opinions

What is a BPO (Broker Price Opinion)?

There are a number of reasons when a professional valuation of property is desired yet a formal appraisal is not required. In these instances, our Broker Price Opinion (BPO) service is ideal.

The BPO of a residential property is conducted by a local, licensed real estate professional. The report combines information from a drive-by exterior examination, external data sources, previous sale data, property assessment data, recent comparable sales and current neighborhood listings, as well as a photograph of the subject property.

The BPO includes estimate of repairs to obtain fair market value, neighborhood information, and value estimate (90, 120, 180 day marketing time for "as is" and "as repaired" values). Photographs include subject and street scene photographs. Front photographs of all comparable sales are also available for an additional fee. This product is not an appraisal and does not include an inspection of the interior of the property.

Banks and Lenders usually use BPOs to help determine the value of their properties. A financial institution may order a BPO for the following situations:

  • home equity lines of credit
  • home equity loans
  • requests to remove PMI - Private Mortgage Insurance
  • REO/Foreclosures
  • Any other reason that a bank/lender needs to make a financial decision on a property

Rush BPOs, Emergency REO Services, Occupancy Checks and Property InspectionsFor Rush BPOs, Emergency Services, Occupancy Checks and Property Inspections, contact us now! Toll Free: (800) 898-8507


   Broker Priced Opinions in Sacramento County Regions

Contact Innovative Foreclosure Services Today! Click here to contact us for a BPO Valuation.
(800) 898-8507 Toll Free

 

 

HUD Metrolist Good Standing Memeber Our Commitment | REO Experience | REO Approach | REO Services | Team Leader | REO Asset Management Team
Clients & Partners | Testimonials | Zip Code Service Area | Reference List | Asset Managers
Credit Union REO Asset Management |
Market Analysis | BPO Request | Submission Info | REO Glossary
Current REO Listings | Sold REO Listings | Search REO Listings

Pre Foreclosure
| Property Preservation | Broker Price Opinion | REO Portfolio Disposition | Bulk Foreclosure Pools
Winterization Form | Photo Addendum | Occupancy Status | Pre Market Checklist
Copyright © Innovative Foreclosure Services. All rights reserved. Developed by Lisa Libutti