I just got a BPO kicked back.
FACTS......
Subject was LISTED 12/29/11 for $89,900 as a short sale. Subject is in distressed condition(needing more than just cosmetic work), a distressed listing, in a high REO/Short Sale area. BPO instructions state to use REO comps.
QC reasoning.....
Since subject SOLD as a short sale on 12/29/11, after only 8 days on market, it must be worth more than that now. Their suggested comp is for $182,000. A 102% rise in value in 11 days. Boy, I wish I was that lucky an investor!