BPO's & Estimated / Fair Market Values on Notes

[Steven Perre]

I have been fortunate enough to be in this here real estate game for over 25 years as well as have some basic experience in BPO's (several thousand over the last several years). Though I am brand new to the NOTES end of real estate I am blown away at the numbers these companies are coming in with as Fair Market Value. As recent as the last 8 days I've received tapes and am looking at these valuations shaking me head thinking "IS YOU STUPID?". Based on these crazy numbers I am even hesitant on submitting an offer as they will seem ridiculously low. But based on the comparable's they're not even close. I've also noticed pics of different properties than what is being advertised. Due diligence 101 has me scratching my head. Is this typical?