Short sale BPO issues are causing problems when they drag on
East Valley Team member Dean Ouellette talks about how in a declining market BPO issues get worse with short sales.
Over the last month or two the the market has seemed to dry up a lot and that is causing prices to go down again. That is causing issues when banks get BPO‘s and take two months to counter a deal.
By the time you get the counter offer there are now a handful of properties that are on the market active that are lower than the BPO. The bank uses guidelines that say only solds can be used as comparable properties, which make sense…. except when prices are declining.
More than ever it is important to try to effect the BPO when it is performed.
Who says you can't teach a rocket scientist new tricks. Since Kristin left her former profession for her new one she has built one of the fastest growing businesses in the East Valley. Kristin is known for her Youtube videos, make sure you check them out. 
After a long career in political consulting Dean transitioned to real estate and has not looked back. Dean is one of the sick ones who enjoys fighting with banks to get short sales approved and to help homeowners avoid foreclosure. Dean also loves making videos on the subject.
[...] VALLEY, AZ Short sale BPO issues in the East Valley East Valley Team member Dean Ouellette talks about how in a declining market BPO issues get worse [...]