[StBernard] Appraisal to carry more weight in Road Home applications

Westley Annis westley at da-parish.com
Fri Jan 12 23:14:11 EST 2007


"Methods used in the BPOs are being improved by requiring that the agent go
to the property to take a look, and that the agent use an exact
square-footage figure for the home - a detail sometimes missing an earlier
Road Home procedures, according to Carl Bauchle, a First American Title
official working for the program. Also, a $25 fee paid to a Realtor for each
BPO has been nearly doubled, he said."

Only $50 (at most) will a real estate agent get paid for doing a BPO - and
now they want the agent to take the time to drive out to the property in
question. Any real estate agent worth their weight in salt would not waste
their time doing a BPO for $50 even if they didn't need to go see the
property in person. Then they have to spend a good amount of time to
present a report on their findings - which 90% of the time will be below
accurate market value.

This is a joke!

John Scurich





More information about the StBernard mailing list