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Updated over 2 years ago, 07/15/2022

User Stats

16
Posts
4
Votes
Neil Seldomridge
  • Investor
  • Roanoke, VA
4
Votes |
16
Posts

Can BPO lead to loan being called?

Neil Seldomridge
  • Investor
  • Roanoke, VA
Posted

Hi all,

My wife and I have done a live-in flip for our current home and are getting ready to move. I talked to our loan servicer about removing PMI since we have created some substantial equity. They agreed and will be sending a broker to perform a BPO.

My question is, since it will be fairly obvious that we are moving and thus that this will no longer be our primary home, should I be worried that the broker will report this back to the servicer and that the servicer will in turn call our loan?

Thanks very much for any insight or opinions!

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