Others warned me but I didnâ€™t believe it. The agents in our area from Capitola to the San Lorenzo Valley area that do BPOâ€™s (Broker Price Opinions) for BofA have NOT got an assignment from them this whole first week of May 1 to May 6, just proved it.
Late Friday I spoke with a Bank of America negotiator who's in Delaware.Â She says many changes are coming to BofA, one of them, no more BPOs or appraisals....they are moving into using AVA or AVM (like Zillow).Â Can you imagine how that will screw things up? Holy crap no actual human being looking at our listings...?
B of A used to be the easiest approval letter to get for me...getting a little worried here. So I asked her to tell me what AVM they will be using and she gave it to me.
Here is the website that BofA is using to replace BPOâ€™s and appraisals now. http://realestatecenter.bankofamerica.com/tools/marketvalue.aspx?cm...