Updated over 16 years ago on . Most recent reply
BPO
How do you go about finding out when the BPO will be done on a property you've made an offer on? From what I've read here, it sounds like most folks show up at the property for the BPO in order to make the case for their offer price. Is that correct?
Most Popular Reply
Joe,
When you are negotiating with the Lender. Simply tell them to set up the BPO they need to notify you. So, when the BPO is ordered, the agent that is going to perform the BPO will call to set up an appointment with you. Since you will set the date and time, you will all ways know when the BPO is being done.
If you are only making an offer, the Lender will order a BPO and you will likely never find out the day and time of the BPO.
It is all ways best to be in control of the deal. Either negotiate yourself or get an experienced company to negotiate for you.