Broker Price Opinion or BPO Work is Booming

by Angela Kleneirtski REO properties are becoming a real commodity for both new and professional real estate investors. Also known as “Real Estate Owned”, these properties are returned to the bank after attempts have been made to sell the property through foreclosure auctions. Real estate owned properties may include single or multi-family dwellings, commercial buildings, farms and vacant land. A common misconception is that bank owned real estate is sold for pennies on the dollar. This i

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