BPO…or should it be TPO?

Who said BPO’s were all that?  Yes, it might be a form of income if you’re desperate but I can’t see working for minimum wage!  And, that’s about what it boils down to.

Rather than BPO “Broker Price Opinion”….they should call it TPO “Their Price Opinion”!  Because if you ask me (and I know you didn’t) all that the banks really want…is for you to confirm in writing what they want to hear.  If you give them the “true value” in this market (and in the subject’s neighborhood), they’ll just kick it back to you until they get the price THEY WANT.  So it could mean endless hours searching for sales & listing comps to satisfy what “they” want…..while, in the meantime, your measly pay for doing this BPO/TPO drops by the minute.

And, that’s all I’ve got to say about that!