U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-19-2010, 01:25 PM
 
152 posts, read 413,546 times
Reputation: 78

Advertisements

We found out today that both lenders are ordering appraisals on our short sale house this week. This is 9 weeks after our offer was accepted by the seller back in February. I'm not sure if the appraisal is anything to get excited about just yet. Does this mean that the lenders have come to some sort of agreement on how much $ they will each accept? What happens after the appraisal? Can we expect to hear anything regarding a formal acceptance/denial anytime soon?

Read more: http://www.city-data.com/forum/real-...#ixzz0lZKdW0V5
Reply With Quote Quick reply to this message

 
Old 04-19-2010, 03:25 PM
 
Location: MN
761 posts, read 2,961,835 times
Reputation: 440
Your link is broken and doesn't work. After the BPO was ordered for our short sale purchase it was still 3 months until we closed, but it is different in every case. Good luck!
Reply With Quote Quick reply to this message
 
Old 04-25-2010, 02:39 PM
 
Location: Metro West Area
6 posts, read 23,041 times
Reputation: 12
The short sale BPO is the "broker's price opinion". It is simply an update on what they think the house is now worth. Some broker's could be off on their "opinion", so make sure your offer starts low, and let the bank do a counter offer if they decide to. Take your time, look forward, but don't be in a hurry and you should result with a good deal. Best wishes!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top