Selecting out of area BPO`s not a true indication of Price. Short Sales suffer from these opinions.
By Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
(Florida List For Less Realty, Inc. Broker/Owner. )
We`re attempting to close a home which is a "Short Sale" in Ocala,Florida. It hasn`t been easy. Ocala has been hard hit with massive inventory of homes that many investors walked away from. The offer was based on the last closed sales, we attached "Comps" to our offer to indicate where the market and prices currently are.Everything seemed to be going well our attorneys were in contact with the lenders each step of the way. Last Friday, we`re informed the BPO would be completed.Normally, this is the last step towards closing. To our surprise we received a call from the lender yesterday, telling us the BPO`s opinion was $25,000 higher.The lenders want a counter offer.I began to ask the processor questions about the BPO. They explained who completed the BPO,I reminded the "Processor" the B...
Comments
14