Replies to This Discussion

Permalink Reply by Trinidad Gaeta on October 22, 2010 at 12:10pm

Dave,

You can send in whatever you wish but they will not make decisions based on that bpo value.. they will order their own appraiser's/bpo. If the buyers offer comes in lower then a desk review is ordered.

The best way to support a lower value is to provide multiple contractor bids for repairs to justify a lower price with photos and your suggestion.

Hope that helps.

Trinidad

Permalink Reply by Dave Pautsch on October 23, 2010 at 7:14am

Trinidad,
thanks. I saw in another forum that "a" BPO could be submitted by the listing agent -but that it had to be on AMHSI's form otherwise they just toss it.
We've got an offer and I'm putting the package together to submit. That (the BPO) showed up as one of the required elements for the package submission.
I understand your point about multiple contractor bids...thanks.

Permalink Reply by Jeff Payne on October 26, 2010 at 10:26am

Always, Always, Always send your own BPO when you submit the short sale pacakge. You can google Fannie Mae BPO form to get the form

Dave Pautsch said:

Trinidad,
thanks. I saw in another forum that "a" BPO could be submitted by the listing agent -but that it had to be on AMHSI's form otherwise they just toss it.
We've got an offer and I'm putting the package together to submit. That (the BPO) showed up as one of the required elements for the package submission.
I understand your point about multiple contractor bids...thanks.