I just started to upload Pictures, CMA's, BPOs and whatever I can get my hands on in Equator, since BoA is the most unbelieveale, unreasonable of all!!!! has anyone done this? does it make a difference?
I took it as an advantage since they don't care what we say but what the "BPO" says FMV is, if I can show them the BPO was wrong in their decission for Market Value, by showing them actual damage or decline in market, maybe and maybe they they will see that this agents probably did not take the time to actually do a thorough research. I am really hoping this makes a difference in the Negotiator's eyes......
If we did this on all our packages, there would not be any need for BPO, except maybe to confirm our findings. I do BPO's and I actually resaerch well to determine what FMV is, this a pre-foreclosure market why are agents still doing things the old way? pricing properties as if the market was a stable one, to me that is a joke ( sorry sellers) but these agents should probably not be doing BPOs, they are helping no one but complicating things for the market to resurface. $30.00 to mess things up? I wonder what kind of people is this that do not know the current market.
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There is a section that asks for you to upload a copy of the listing, you can print the MLS out as well as CMA and scan as 1 file. That way it will upload your CMA as well.
Well there are many factors about this whole enchilada, but I agree with you, BOA it is pain and a nightmare to work with, they don't know what they are doing, they don't know even how close some of their transactions. I'm starting to get concern that main problems come from Frannie Mae and Freddie Mac investors if this is the case. I have several short sales on process and they are taking so damn long, it does not matter how complete your send the short package and the follow up that you do.
I'm telling you, some lenders employees they don't have a clue how to do their work and how can help when they don't have the right short sales process foundation.