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Updated over 16 years ago on . Most recent reply

Kevin Armstrong's profile image
Kevin Armstrong's profile image
Kevin Armstrong
  • Real Estate Investor
  • from birmingham, Alabama
  • Member since Jun 4, 2009

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Kevin Armstrong's profile image
Kevin Armstrong's profile image
Kevin Armstrong
  • Real Estate Investor
  • from birmingham, Alabama
  • Member since Jun 4, 2009
Kevin Armstrong
  • Real Estate Investor
  • birmingham, AL
0
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12
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Tax Liens & Mortgage Notes

bpo appraisal on mortgage notes

Kevin Armstrong
  • Real Estate Investor
  • birmingham, AL
Posted

I am having trouble with the note buyer's doing a bpo on the property and it not coming in any where close to the appraisal. Does any one have any advice?

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Laurence Hicks's profile image
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Laurence Hicks
  • Developer
  • from Los Angles, California
  • Member since Jan 22, 2009

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Laurence Hicks's profile image
Laurence Hicks's profile image
Laurence Hicks
  • Developer
  • from Los Angles, California
  • Member since Jan 22, 2009
Laurence Hicks
  • Developer
  • Los Angles, CA
2
Votes |
61
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Laurence Hicks
  • Developer
  • Los Angles, CA
Replied

Sure John, most of the time when I get a list from the bank they come with 4 prices for single family notes. Original UPB "Unpaid Balance", Current UPB, Virtual Bank Appraiser "VB" and Book Value. Most of the time the bank wants you to go off Current UPB and make your bids.

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