Re: Does anyone know what to do when Aurora will not accept your BPO(theirs came in at twice amount of true value)
Has anyone experienced a BPO coming back with a ridiculously skewed amount and they won't accept yours because they say they will only use what they paid for. With that said, I told them their previous BPO came in at half the amount of the present one. They told me that could as well be wrong. This is dumbest thing I ever heard of since the offer I received was over market value but not by twice as much.
Replies to This Discussion
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Permalink Reply by Karyl Moore on
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It seems to me that Aurora just makes up stories as they go along because they have no intention of doing the short sale.
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Permalink Reply by Ben Benita on
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First lesson learned -- ALWAYS do your best to meet the BPO agent at the property, we have a standard packet we give to them when we meet them there that includes hardship letter, sales contract and other documents.
Second lesson learned - the person you talked to is called a negotiator b/c they get paid to negotiate with you, always keep that in mind (I make the persons that work for me keep that printed on their desk so they never take what theya re told at face value)......the negotiator you spoke to reads from a script, keep that in mind as well.
Moving forward - you just need to escalate your file to the higher ups at Aurora, and have a new BPO completed.
Also, find out who the investor is on the note and let THEM know what the issue is.....the Investor is the party that REALLY cares about avoiding foreclosure....
You can contact me at [email protected] if you need explanations on the above. -
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