The Role of the BPO (“Broker Price Opinion”) When someone owes $250k on a home currently worth $200k, arguably they no longer own the home . . . their bank does (or, at the very least, the bank calls the shots). So, it would seem smart to find out what the bank is willing to sell...Read More
“You Mean, the Bank Can RAISE The Price After the Seller Has Signed the Purchase Agreement?!?” (Yup, That’s What I Mean) After a couple HUGE years for short sales, they’re now receding as a factor in today’s housing market. According to City Lakes’ resident short sale expert, Jim Kantorowicz, there are two reasons for that:...Read More
