It’s the 23rd day of the month and I have earned $1.82 in interest in my ING savings account.
I am working LOTS of overtime, this week, I got behind on my projects when I out sick with the ear infection. Which means, I’ll have a big ole fat paycheck next week.
I heard from my realtor, yesterday. The short seller’s bank finally did the BPO (Broker Price Opinion) which was done two weeks ago and I guess the bank wants a second one that is suppose to be done this week.
A BPO according Wikipedia is a method that a real estate broker (or a sales agent acting on behalf of their employing broker) uses to estimate the probable selling price of a real estate property/house. Performing a BPO means that a real estate professional (agent, broker, or appraiser acting in an agent/broker capacity) is requested by a financial institution (bank, lender, or BPO company) to submit an estimate of price for a property in a BPO report for a fee.
I am hoping that the BPO is low b/c that would mean more than likely, the bank, would lower the selling price. I am kinda suprised that banks don’t do this stuff ahead of time?