Real Estate Riches 04

In my presentations, I often share with my audience the one key negotiation phrase that has led to getting approval letters over 90% of the time.

The new home sales index came out today and it reported that 46% of new home purchases in this market are foreclosures.

Real estate owned properties (REOs) by definition are properties that have been purchased by a bank or the lender who foreclosed on the original loan.

Have you ever wondered why and how a property is called a bank REO property?

The real estate property or the foreclosure home should not be taken as a simple property. These are bank owned properties and are not sold in auctions.

BPO is the industry-accepted acronym for broker price opinion. This type of real estate appraisal is often used by banks to obtain current market value of distressed properties such as foreclosures and real estate short sales.

When you do a short sale, the lender most likely will order a BPO. BPO stands for Brokers Price Opinion and is a process by which a realtor appointed by the lender, comes out to evaluate the property and give his "opinion"

The price of a piece of real estate is dependent upon one thing, the broker price opinion.

When you do a short sale, the lender most likely will order a BPO. BPO stands for Brokers Price Opinion and is a process by which a realtor appointed by the lender

If you are looking to own your ideal home, have you ever thought of acquiring it through Wells Fargo REO?