Looking for any tips for a valuation dispute with BofA. BPO done by an out of town person who simply did a drive-by. My property condition report submitted with the short sale was obviously not used, now we are 30K apart in value (not even sure property would qualify for FHA or VA loan...) The wording from the negotiator
"We must have 4 comps that have sold PRIOR to our appraisal begin date. These comps must be alike in every way (number of bedrooms, number of bathrooms, square footage, style of house and must be extremely close to our property). These comps cannot be short sales, REO, or foreclosures. These properties need to be out right sales of the properties. "
I don't have 4 comps with exact anything extremely close; when do we ever. Anyone gone through a dispute and willing to share? Thanks. Brenda Wood, Virginia
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Here are the instructions for disputing a BofA value
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