BPO_order

Legal Info

Date Assigned:

Must Receive:

Sale Date:

Broker Price Opinion Type

Choose One

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you can call us at 619-395-2357 or 619-254-0037.

Company/ Lender:

Your Name:

Department:

Phone:

E-mail:

Photos

BPO- Drive by

Is Subject property currently listed for sale ?

BPO ORDER FORM

Bank / Lender Identification Information

Company/ Lender:

Your Name:

Department:

Phone:

E-mail:

Subject Property

Broker Price Opinion Order Form

Address:

County:

City, State, Zip Code:

Loan Number:

Mortgagor:

Purpose

(Please select One)

Foreclosure Modification

Short Sale Bankruptcy

REO

BPO Interior

Additional information or

special Instructions:

Listing Agent:

Phone:

Interior Contact:

Phone:

What is a BPO /Broker Price Opion?

Broker Price Opinion

BPO is an acronym for Broker’s Price Opinion. In general, the term Broker’s Price Opinion (BPO) is a method that a Real Estate Broker (or an agent acting on behalf of their employing broker) uses to estimate the value of a Real Estate property/house. The estimate of value is submitted in a BPO report (2-3 pages) that includes local and regional Real Estate market information, neighborhood analysis, and (comps) properties that compare to the (subject) house that is being valued. This method of estimating a value has similarities to a Certified Market Analysis CMA and a residential Real Estate appraisal.

Performing a BPO, in the BPO industry, means that a Real Estate Professional (agent, broker, or appraiser) is requested by a financial institution to submit an estimate of value for a property in a BPO report for a fee. In some instances, a Real Estate Professional may perform a BPO (occasionally without a fee) for a financial institution in hopes of receiving a sales listing for the property that they performed the BPO on.

A financial institution may order a BPO for the following situations:

home equity lines of credit

home equity loans

requests to remove PMI - Private Mortgage Insurance

REO/Foreclosures

Any other reason that a bank/lender needs to make a financial decision on a property