Influencing The BPO
Influencing The BPO
October 20, 2008 · Leave a Comment
The Broker’s Price Opinion, or the BPO is by far one of the most important aspects of short sales that you need to understand because it’s where the difference between a $10K profit and a $50K or more profit get made. So you’ll want to take a few notes here. So what is a Broker’s Price Opinion? A Broker’s Price Opinion, known as a BPO, is the bank’s opinion of what they believe the property’s as-is fair market value is based on their own inside appraisal. In other words, the bank sends their own appraiser... [Read the full story]
Expert Interviews
Ask The Expert
October 22, 2008 · Leave a Comment
These are recordings of interviews I’ve done with experts. They cover a variety of topics from students providing their own insight to how they actually run their short sale business, to students laying out exactly what they do to sell houses. Two of my favorites are the Valarie Scott Interview. She outlines how she does short sales for other investors and makes a ton of cash doing it. I also interview my friend Bill. He provided some incredible tips on improving your credit. Trust me, you have never heard... [Read the full story]
What's Happening
Short Sale Resources
6 Myths About Bad Credit Repair
I decided to make this page about repairing bad credit because there was a point in my life where my credit, due to lack of education prevented me from buying the house of my... [Read more]
More Resources
Short Sale Tips
Short Sale Release Of Lien
Most investors working Short Sales are often confused when lenders began talking about ‘Release of Liens.” Check out this video and get a complete understanding of... [Read more]