All Forum Posts by: Herm M.

My meeting with the BPO agent went really well. I'll find out her BPO amount in a couple days.

^Exactly.

As investors, our goal is to get the BPO at 90% of FMV.

Then get the property at 80-85% of BPO.

I'm getting really close to the exciting part of a WaMu short sale.

Are you guys still getting properties at 80%-85% of BPO with your cash offers?

Ummm...okaaaaaaaaay. This thread totally went somewhere else.

Anyway, I'm meeting the BPO guy tomorrow. He's doing an interior.

I'll see what happens with this.

I requested an internal BPO today for this reason: The county records show this property to be 3 bed & 2 bath with appx. 1600 square feet.

It's actually 2 bed & 2 bad, about 1050 sq. feet.

Let's see what they say.

My recent BPO from WaMu was a drive-by, they didn't check the inside of the home.

I've been told that the next one will also be a drive-by...they don't reveal when it will be done, and there's no appointment set because the BPO agent doesn't go inside the property.

Is this normal? How can I persuade the BPO if I can't meet the agent?

But to answer you question:

Once (IF) my cousin is in contract to purchase the property, it'll be listed again with another agent. And I'll just simply tell my backup offers that "this property is being purchased and listed again with another agent, contact them."

To be honest, I don't expect the offer of 250k to be accepted anyway. I'm waiting to see what the bank counters at.

A-B.

I'll address the other questions later.