Читать книгу Magic BPO Success Secrets - Cory Ph.D Boatright - Страница 13

* VA 82%

* FHA:

Net 88% first 30 days a property is listed

Net 86% for a property listed 31 - 60 days

Net 84% for a property listed 61 - 90 days.

* Freddie Mac (FDMC) 88 - 92%

* Fannie Mae (FNMA) 85-88%

* Conventional Loans 80% (no set limit)

IMPORTANT: Understand that these are NET percentages to the bank. If you have your offers padded with things like Realtor commissions, closing costs and additional fees, these need to be included for the final NET settlement.

SECOND EXAMPLE: The BPO on one of your deals comes in $100,000. Offers that may be accepted based on the above criteria would be:

*VA 82% = $82,000

* FHA

Net 88% = $88,000 first 30 days a property is listed

Net 86% = $86,000 for a property listed 31 - 60 days

Net 84% = $84, 000 for a property listed 61 - 90 days.

* Freddie Mac (FDMC) 88% - 92% = $88,000 - $92,000

* Fannie Mae (MNMA) 85 - 88% = $85,000 —$88,000

Something else to consider is some LOCAL banks, usually the smaller ones, will almost always NOT ALLOW more than a 10% -15% discount off the property depending on the amount of repairs needed to fix it. Local banks tend to be more conservative in their approach to discount the property. This is partly due to the network of local affiliates the bank can call to get more than one opinion of repairs needed or value of the property.

OK... now you know more than 90% of Real Estate investors about the BPO, let's keep moving and discuss the major differences between an appraisal and BPO.