Broker Price Opinion or BPO Work is Booming

RISMEDIA, June 13, 2009-According to the National Association of Realtors, between 40% and 45% of homes sold in the month of February were distressed properties-foreclosures, short sales and bank-owned properties (otherwise known as REOs). In some of the areas hardest hit by the foreclosure tsunami, the percentages are much higher. Agents in the central valley of California report that the overwhelming majority of sales-in some cases, as much as 80%-are distressed properties, and mostly REOs. S

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