Short Sale Blog

Here is the latest short sale news at Seattle Short Sales, Inc. We assist hundreds of Seattle area homeowners with short selling their home and avoiding foreclosure.

How to Prepare a BPO That Helps Your Short Sale Get Approved

A. Ross Kilburn - Thursday, January 28, 2010
Hey Everyone,

A friendly reminder that our BPO training is this morning:

UPCOMING BPO TRAINING WEBINAR:
Please join our webinar on Thursday, January 28th, from 10:00am - 11:00am.

http://seattleshortsales.com/webinars/

What we will cover:
  • Why preparing a BPO is critical to getting rapid short sale approvals
  • Step-by-step instructions on filling out a BPO form
  • How to work within the lender's comparable property guidelines and still get the number you need
  • The 3 easy steps to gathering perfect comps from the MLS
  • The quick math trick that helps you immediately determine the best comps
  • How to use Zillow to gather market condition data for the BPO
  • When and how to make 'adjustments' for your comps that the lenders will approve
  • What to list in the repair section and what to avoid
  • How to calculate the final 'market value' and the one rule you need to follow
  • What the lender wants for BPO photos and what you should actually provide
  • Why you should take the "conservative buyer" or "worst-case" approach to valuations
  • The importance of meeting with the lender's BPO agent and validating the existing offer
There is no charge for this BPO training. Pre-registration is required. We have 50 spots available and 32 sign-ups as of a few minutes ago. If you are interested, you probably will want to sign up now.

http://seattleshortsales.com/webinars/

If you have any questions, just reply to this email and I will get back to you as soon as possible.

To your success,

Ross Kilburn
Seattle Short Sales, Inc.
800-603-3525 (office)
888-860-1314 (fax)


 

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