We need to create this topic: % of BPO acceptance

[Herm M.]

It seems like this question has been popping up lately: What are banks accepting on short sales vs. the BPO amount?

There's really no answer, it varies case by case.

I think we need to create a thread where people post 3 things:

1) Lender name.
2) BPO amount.
3) % of BPO offered.
4) Was it accepted?

This will give us all a better idea.

[Bill Gulley]

Hi, I applaud your attempt to analize this but there are factors in each loan that you'll never be prevy to. In the old days if a property was on the books for a year and it got an offer of 80%, it was out of there. No more. The percentage of losses that will be covered will not generally be know to you in a SS. There are also incentivies based on capital and the loan loss reserves that won't be public. I'm pretty sure it's a case by case basis. IMO Unless they get into bulk sales. Good Luck, Bill