http://kevinandfred.com/power-hour/bpo/
As a general rule, if the offer is more than the BPO, the deal is a good deal. However, in this crazy short sale business, some things aren't clear to all parties.
http://kevinandfred.com/power-hour/bpo/
As a general rule, if the offer is more than the BPO, the deal is a good deal. However, in this crazy short sale business, some things aren't clear to all parties.
Wow
I’ve always thought that if they just gave a rubber stamp approval on short sale they would probably make more money in the long run. Most agents know the first offer is typically the best offer but it seems to me that they piss away buyers with all this bickering over pennies to forsake dollars!
I could not agree more Saul! If they could just loosen up the “guidelines” (maybe take 78% of BPO with no questions asked) they would close way more deals and have far less REO’s, thus netting out a lot more money. Then again, were talking about logic and banking and those words just don’t go together.
Hey guys this is one of your better vids. The BPO agents are the biggest bunch of idiots on the planet. The only bigger bunch of idiots are the bankers that use them and more importantly believe them.
The system is not set up for success – I think we can summarize it that way. The fact that a decision based on thousands and thousands of dollars is essentially weighed based on a $50-$100 opinion of value is not real bright in my opinion.
Glad you enjoyed today’s content!!