BAC has generally settled around 90-92% of BPO value. This issue is their BPO value is always 10-15% higher then true fair market value and doesn't normally reflect true distressed or settlement value which as an investor/buyer we need to see. Keep in mind this is based on loans in the NJ Market where we have been successful obtaining approvals on short sale deals. We have also attempted to re-cert value and perform desktop reviews and this has had little impact with changing BPO value. The only real factor in amended value seems to be over time and to have another BPO done once the lenders original BPO value has expired. Lenders should be transparent with buyers as they require us to be in submitting documentation and they are NOT!