Exterior BPO

[Michael G.]

The lender I'm working with on a short sale said they would just go with an exterior BPO I'm not sure if that's a good thing. Especially considering the fact that the lender rep told me the exterior BPO came back at $100K more than the listing price.

I sent the rep a response that basically says the realtor has comps showing several properties, that were in the same condition, in a 1 mile sq area that are in the 119K range and that the price is not abnormal for the area.

The realtor can certainly produce the comps if needed. I just dont know how to manuever if the lender gets stuck on this high appraisal that came back with the exterior BPO.

Do send the lender the comps? Do request another BPO making sure the realtor is on-site with the comps?