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| What is/ Glossary Definitions, meanings and examples of all your questions regarding different abbreviations or words used in BPO Industry. |
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Alex mate
I was unable to get your question can you please ask it again and say exactly what you are talking about
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Hi,
“Broker Price Opinion.” A lender mау request tһаt homeowners wіtһ delinquent mortgage payments һаνе tһіѕ done іח a short sale transaction. Hope now you get my points. Thanks Last edited by Alex Carlson; 14th April 2010 at 12:10 PM. |
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BPO is performed similar to a real estimate ,so that the lender knows the current market value of the property. Upon receipt of BPO, the lender decides to approve a short sale, which is based on property value and borrowers income and financial position.
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