Ask us about your BPO loan options.
When a qualified real estate professional, like a real estate broker, determines the estimated value of a property, this is known as the broker price opinion (BPO). When selling a house, the BPO is used while creating the listing agreement. When a mortgage company, loss mitigation company, or lender wants an assessment of a property, they can request a BPO.
If you want to sell a house or refinance your home loan, you can also request a BPO. Many choose to go this route because it is often faster and less expensive than going with a traditional appraisal. In some cases, a BPO is used as a supporting document along with an appraisal. In most cases, BPOs are used for foreclosures, short sales, nonperforming loan sales, whole loan sales, PMI appeal requests, and portfolio valuations.
If you are interested in a BPO loan to purchase real estate in Rochester, New York, the age of the home, the size of the property, the surrounding neighborhood, any zoning requirements, and the general condition of the property will affect the report. We would be happy to provide you with a BPO loan at Investor Loans Express, and we can provide you with all the information you need as you move forward with this form of financing.
To speak with one of our lending professionals about a BPO loan, reach out to us today. We are prompt, professional, experienced, and dedicated to making your experience with us a positive one from beginning to end.
At Investor Loans Express, we offer BPO loans in Upstate New York, including Buffalo, Rochester, Syracuse, Seneca Falls, Watkins Glen, Skaneateles, Canandaigua, Hammondsport, Aurora, Geneva, Trumansburg, Ithaca, Penn Yan, Auburn, Corning, Naples, and The Finger Lakes.