The value is not totally driven by the BPO it is a combination of factors.
Bob Martin, vice president of valuations at Fannie Mae, said they also have a dedicated team to value all foreclosed and short sale properties. The team includes 2,000 appraisers around the U.S. who can produce valuations in their local areas within three weeks. Fannie Mae also uses Broker Price Opinions and data from other sources including current listings, pending sales, and sold properties, Martin said.
Value disputes -
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