The Deadliest Short Sale Sin: Not Managing the BPO
The BPO is the Gate to a Successful Closing or the Homeowner Getting Foreclosed On.
If you have not downloaded my latest report on the 7 Deadly Sins of Short Sales, stop right now and make sure you download immediately and READ it in its entirety! I will save your short sale life.
This post is an excerpt from my report and identifies the sin that is the no.1 killer of short sales in the nation: Not managing the BPO/Appraisal appointment. This is a huge and grossly neglected area in the vast majority of short sales, and I can’t begin to stress how critically important it is that you DO NOT COMMIT THIS SIN. If you commit all of the other sins you may get by for a while. But this one will take your deals out in a hurry. This short sale SIN is the leading cause of death for 77% of the nation’s short sales, (according to the Huffington Post 77% of the nations short sales are failing), so listen up good.
