Tag: broker price opinion (BPO)

California’s appraiser population is declining rapidly

by Carrie B. Reyes | Feb 4, 2020 | Appraisal | 6

The number of licensed appraisers in California is the lowest since the BREA began recording the appraiser population in 1993.

Shuffling appraisals around to buyers

by ft Editorial Staff | Mar 24, 2014 | Appraisal, Finance, Real Estate | 0

The Equal Credit Opportunity Act (ECOA) now requires a lender to give copies of the appraisal and...

How to facilitate a shortsale transaction

by ft Editorial Staff | Sep 29, 2011 | Feature Articles, Real Estate | 8

Part I of this article series details the process of qualifying a negative-equity homeowner for a short payoff, setting the sales price at the broker price opinion (BPO) and submitting a purchase agreement to the lender for appraisal and closing conditions, with a brief discussion of tax aspects of a shortsale and alternatives.