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05-29-2007, 12:12 PM #1
Fixer Upper
- Join Date
- May 2007
- Posts
- 29
REO and BPO?
hi.. am just newbie on this kind of field, so i need it badly the help of everyone here. my first question is..what is BPO and REO in terms of real estate investment field? your feedback is highly appreciated by me.. thanks in advance.
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05-29-2007, 08:52 PM #2
Condominium
- Join Date
- Mar 2007
- Posts
- 199
BPO = brokers price opinion. It's a estimate of the market value of the property. (the probable price the property will sell for).
REO = Real estate owned. These are properties owned by the lender typically after a forclosure.
-Tim
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05-30-2007, 12:02 PM #3
Fixer Upper
- Join Date
- May 2007
- Posts
- 29
thanks a lot..
^ greetings, thanks a lot for your feedback i really appreciated for sharing your knowledge. more power..
any feedback is still appreciated or any topic you wanted to share is pretty much acceptable for beginners like just also to explore here.. cheers
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