Wednesday, November 30, 2011

Stop Foreclosure: Work the BPO Agent for a Short Sale Success!


Denver, CO – The real estate Broker you hire to short sale your house should know how to “influence the BPO.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The Broker's Price Opinion (BPO) is a market value opinion of the home, performed by another real estate agent hired by a third party company (asset management company) for the bank / lender.

This function is important to the lenders in their attempt to obtain a fair market value of the home requesting the short sale approval. The lenders want to make sure that when they negotiate with the home owner in agreeing to a short pay-off, that they are getting a "fair" value for the home.

Many of the real estate agents doing BPOs have a heavy work load and will do many of them a day. We as the short sale broker want to make sure they are using the BEST information out there for our clients.

It is important that the information reflects the accurate market conditions and it is presented properly to the lender through the BPO!

Your short sale broker should provide the best market evaluation information to the BPO agent, and to include a property condition report and the feedback from other brokers that have performed showings on the short sale property.

An hour spent influencing a BPO will save countless hours later escalating a file or negotiating more offers. This influence is NOT to "twist the arm" of the BPO agent, but to assist them in preparing the BPO with good hard facts of the market and your property conditions.

If the BPO says the home is worth close to the short sale price, then the short sale will make more sense to ALL parties, and then result in a quicker short sale approval.

Thinking about a Short Sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 303-521-0984

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification?Our Westminster loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Request your FREE copy, below!


Thanks for reading this, Dan Hopper.

View My homes for sale at www.danhopper.com.

Dan Hopper specializes in loan modification assistance and short sales in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

For related blog / video blogs, click on the links, below!!

http://denverloanmodhelp.com/?p=329

www.youtube.com/user/denverloanmodhelp

www.youtube.com/user/yourhomesellshere

FOLLOW DAN HERE:
TWITTER YOU TUBE FACEBOOK LINKEDIN
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Dan Hopper's personal views and do not reflect the views of RE/MAX Alliance.

This information on Stop Foreclosure: Work the BPO Agent for a Short Sale Success!, is provided as a courtesy to our viewers to help them make informed decisions.

No comments:

Post a Comment