Kevin and Fred of Group 46:10, Arizona’s Premier Short Sale Team continue the lesson on BPOs. This is part 3 so if you haven’t seen the first 2 go back and watch them. BPOs are a MAJOR factor in the Short Sale Process and you can’t afford to understand and master this process!
So what’s the buyer strategy to take if one is unsuccessful in finding out what the BPO is, and the bank comes back with “your offer is low based upon the BPO”? Can one get the bank to share the BPO results? How can you appeal? Can you save a deal after an unfavorable BPO? if the gap is say, 50K…500K offer vs bank wants $550K what does one do?
Hi Bob – Keep watching..were not done with BPOs yet and we will cover what to do.
Bob, have to remember back from December, the 7 Mindsets of Successful short sales. It’s simple, in not taking no for an answer, it’s time to up your game, and do things you’ve never done before. You can watch the videos that are forthcoming, but be sure to get mindset first, not just what it sounds like. Cause it always sounds different.