I Saw My House on Zillow,is it For Sale?
20 Mar | 09:00 AM
Photos taken by We Snap It may have been requested as part of a real estate transaction (BPO) that requires posting on Zillow.
Banks,lenders and insurance underwriters often request BPOs, especially in situations like foreclosures, short sales, loan modifications, or when determining a homeowner's equity for things like refinancing or canceling private mortgage insurance (PMI). The photos help the lender verify the property's condition and value.
A BPO is an estimate of a property's value provided by a licensed real estate agent or broker. It's essentially an informal appraisal, often used to get a quicker, less expensive valuation than a full appraisal.
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