Asked by Agi at A1A~ePro Broker / CERTIFIED, Melbourne, FL • Fri Dec 4, 2009
Lenders have pricing guidelines to determine if a short sale transaction makes financial sense. When contracts are submitted for a short sale purchase, the lender does not look at the agreement as an offer, but rather as conveyed contract. The BPO (Broker Price Opinion) that lenders obtain to determine fair market value, must align with the contract price.
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