I have a lender that wants my seller to pay them $305 upfront for the BPO before they will even look at the short sale package. Is this even legal?
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I have a lender that wants my seller to pay them $305 upfront for the BPO before they will even look at the short sale package. Is this even legal?
You need to be a member of Short Sale Superstars to add comments!
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LOL...I would say I'd pay for it, but then I get to hire who I want. I'd get a full blown appraisal.
Interesting... $305 for a BPO that the agent will get $40 for. For that price why dont you insist on an appraisal? Who is the lender?
It's Third Federal. Problem is my clients don't have it so I'm putting together my argument as to why they need to just cover it.
I fought with them for weeks about it and they did not budge. After losing 2 sets of buyers, the 3rd buyer paid it. Good luck!