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Loan Modification

: The Truth About Mortgage.com

Short Sale Program Slammed by Appraisers

By scot184

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Just days after details of the Treasury’s streamlined short sale program were revealed, several leading appraiser groups have criticized the proposal. The issue involves how short sale properties would be valued under the program, relying on broker price opinions (BPOs) carried out by real estate agents rather than standard appraisals completed by licensed appraisers. Essentially, a BPO [...]

Full post as published by The Truth About Mortgage.com on March 10, 2010 (boomark / email).

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