Allstar Realty Inc., South Florida Real Estate

Broker price opinion is a type of property appraisal used by mortgage providers to obtain current market value. Mortgage loss mitigators frequently use BPO appraisals when offering real estate short sales or selling bank owned foreclosures. BPOs can also be used instead of traditional real estate appraisals when borrowers apply for loan modifications or mortgage [...]

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There are some special considerations when buying a foreclosure that might not be a consideration when purchasing a normal house.  The first of these considerations is to make sure that the water and power are turned on.   Usually these houses are vacant and the bank has had them locked up and winterized.  While this protects [...]