BPO | Bay Area Short Sale Angels | Monclair | Piedmont

The Short Sale Process after the BPO

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. I'm here to talk to you about what happens after the BPO or Broker's Price Opinion. After the BPO is ordered, it typically takes about a week and a half to 2 weeks for that BPO to come in with a value to the short sale negotiator. Once the negotiator gets the BPO, then they are able to take a look at what we have on the table. It's a purchase agreement, or an offer on the property and the BPO which is the broker's opinion on what the property is worth. Then they weigh them and they will make one of three decisions. The first decision is an approval. Once we get an approval then approval letters come out about a week and a half to two weeks after. At that point we can open…

What You Need to Know About the Short Sale Process before the BPO

Hi, this is Kerri from the Bay Area Short Sale Angels, we are :k1:'s number one short sale team. Today I'm going to talk about the short sale process before the BPO. Where that starts is with you and making the decision to go through with the short sale process. There are other decisions that you could have made but you've done your research, you've talked to people, you've consulted with attorneys and tax advisors and you've decided a short sale is the way to go. At that point you will call the Bay Area Short Sale Angels, that's us. We will generate listing documents and disclosure documents for you and also a short sale package customized to the bank or banks that you might owe money to. At that point, you are going to fill all of that stuff out even though some of it may be something that you've seen once…