Valuation of the short sale is one of the most important parts of the transaction.  Of course when I am the lisitng agent, I complete my own BPO, submitt my findings to the bank to justify my MLS price and then request a formal BPO. 

I am also an REO broker and it amazes me how the banks fight over values preforecosure and spend thousands post foreclosure!

I am happy to receive the REO listings that I get, however in monay cases a Short Sale is more economical and better for…