Are BPO's always based on *current* market value?

[Jazmine S.]

Hello,

I am meeting with a broker tomorrow for a BPO that my HML ordered. I read in multiple posts here that people were stating that a BPO is strictly addressing the current value of the property, versus potential future value after renovation. Is that black-and-white always the case?

I was planning on coming with a few solid comps to possibly politely slide his way in a very respectful manner, however I would like a clear understanding of whether ARV is something he would possibly be including in his report back to the lender or not.

Thank you for helping me understand!