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Valuation boasts a body of real info. Over the last 20 years it has evolved a significant. There are standards and there are four different associations that certify distributors.
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There are two associated with BPOs ordered by the lending company. A drive by and an actual on site inspection. We always push a on site inspection as it greatly raises the accuracy in the BPO amount. It is always suggested to meet the real estate agent performing the BPO to validate that they may be valuating area of interest property very well. It has been reported that lenders try to get a BPO that is due to their gift. No official word in this as an individual want to admit this is happening, however, it does. Many real estate agents doing these BPOs would not want to along with you since these always think you are there to influence their decision on is decided.
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