Drive-By BPO
BPO is the essential alternative valuation tool for financial institutions currently pursing home equity lines of credit, refinancing, loss mitigation and collection efforts. Locally licensed real estate professionals that know the local market trends commonly perform the BPO. This licensed real estate professional is also able to produce a more detailed observation of the valuation. The standard BPO guideline follows the Freddie Mac and Fannie Mae valuation guidelines.
AppraisalsThis report is produced in a single family residence as an REO Appraisal reflecting property condition, damage report and cost of repairs for an "as is" value as well as a repaired value.
1004 REO (REO Residential Appraisal)This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. The REO addendum is also included which provides an itemized cost of repairs as well as an "as is" and "as repaired" value. Subject photos and comparable photos are included with the appraisal.
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Interior BPO
It's a 3 page report provides a detailed value of the property with interior and exterior photos. This report is similar to an appraisal but less expensive. Our clients commonly use this for Appraisals Reviews, and 2nd Broker Price Opinion.
BPO (AVM Synergy)
the BPO and an AVM to
produce a real estate valuation more detailed than a traditional AVM. As an
exterior form, the client will receive a value with 3 sold comparable, 3 active
comparable, a front exterior photo of the property, street view and the range
of values
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