Exactly Is a BPO?
is an acronym for the phrase, "Broker
Price Opinion." For
many of you this phrase is a completely new and foreign term.
In actuality, it is something that not many brokers, agents,
appraisers or members of the general public know about.
A Broker Price
Opinion report is an opinion of value that is conducted by
real estate professionals and/or appraisers to help determine
the estimated current market value of a specific property. A
typical BPO form is 2-3 pages, is either an exterior or
interior inspection and is seen within the valuation industry
as an option to a full appraisal report.
lending institutions and asset management companies offer
options to their customers and clients. Some of the reasons
these companies will ask that a Broker Price Opinion be done
on a property are: when doing refinance loans, home equity
loans and lines of credit, the removal of private mortgage
insurance and portfolio acquisitions of performing loans. This
option gives everyone choices so they don't have to pay for a
full appraisal and instead pay a lesser amount to have a real
estate broker, agent or appraiser; complete a Broker Price
Also, some BPO's
are used to help banks, government-backed mortgage providers
and lending institutions determine the "Current Market
Value," for a property that they are financing and the
mortgagor is defaulting on their monthly mortgage payment that
they are contractually bound by. They can use broker price
opinions to help with determining if a property should go into
pre-foreclosure or foreclosure. Perhaps, they want to check
out other less expensive alternatives that are available
instead of foreclosing on a property, such as: deed in lieu of
foreclosure, bankruptcy, loss mitigation, a forbearance plan,
a short sale situation, charging it off, or using a junior
lien protection plan.
Can I Expect to Make?
average between $2,500-$4,000 a month doing just BPO work!
have been paid different amounts for doing BPO orders:
BPO's that pay anywhere from $40-$120
BPO's for anywhere from $50-$200,
Opinion BPO's for between $50-$85, and
Condition Reports for $10-$25
fee that you receive is dependant on a few different factors:
which company you work with, the distance from your office to
subject property, the amount of time they provide to complete
the order and sometimes based on the fee that you ask for
to do the order.
Type of Payment Methods Do You Offer?
I now accept ALL forms of payment! You can pay with a
credit/debit card, personal check, money order, cashiers
check. Give me a call today to process your order.
Your Return Policy?
satisfaction is my top priority! I give a 100% Money-Back
Guarantee that can be refunded within the first 3 days after
you make your purchase. I feel so confident in the quality of
the products I offer therefore if you are unsatisfied for any
reason I will refund your full purchase price. I have not had
to do this yet and plan on keeping it that way! Feel free to
email me with any questions or concerns.
Do You Ship My Item?
offer FREE shipping of a CD that will have the BPO Manual
in a PDF format for you to easily enjoy time and time again.
I'll include FREE BONUSES on the CD as well that will help you
with your BPO Business.