I am involved in realestate purchases. As a company I want to how this evaluation can be made whether go for BPO or REO. What kind of models I need use. And also I want make a portfolio financial calculation manually to see which one is the better option. Can some one give me some pointers in this direction.
A BPO is a common term for "broker's price opinion", a sort of appraisal.
In real estate terminology "REO" is "Real Estate Owned" by a lender; generally a foreclosure property.
I don't understand the question.
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Jim Lee, REALTOR®, CRS, ABR, e-PRO [url=www.KnoxvilleHomeCenter.com]www.KnoxvilleHomeCenter.com[/url] [url=www.KnoxvilleTennesseeRealEstateBlog.com]www.KnoxvilleTennesseeRealEstateBlog.com[/url] I am not an attorney & I am not giving you any legal advice.
#34246 - 02/12/0707:24 AMRe: At foreclosure go for BPO or REO?
Indy Broker
Member
Registered: 11/11/04
Posts: 128
Loc: Central Indiana
Jim, as you pointed out yourself now REO and BPO are two total different things and one is pending one the other but that is all they have in common. I think that is what Shamrock meant as posted
” First you need to understand what a BPO is and what a REO is - then maybe you'll understand what you meant when you asked your question. “
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