Elizabeth Weintraub • Sacramento Real Estate Agent


Why Do You Care About a Short Sale BPO?

short sale bpoMy client emailed this morning to ask me to explain the significance of a short sale BPO. She is in the middle of a Seterus HAFA short sale for her principal residence in Sacramento. Like with most HAFA short sales, they rely in part on the value of the short sale BPO, but they also contain other component restrictions: time frames and guidelines.

Because we are working with a bank trying to follow government guidelines, those time frames expire. Continually. Because bank negotiators typically cannot manage to multi-task. They also don't seem to understand the principle of cause and effect. So their short sale BPOs tend to expire over and over. Along with other time frames.

Read my personal blog about it: What is a Short Sale BPO, and tell me if you don't agree with what happened.

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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