New Century Short Sales

Has anyone done a short sale with New Century?

Plus, what were your experiences?

Comments(5)

REDTBOA16th November, 2005

I just completed one with them. It went pretty smooth and they discounted 22k. The key was a favorable BPO.
gogizmo24th November, 2005

What percentage was 22K of the BPO value?
nateham624th November, 2005

What is BPO?

Nate
mcole24th November, 2005

Quote:
On 2005-11-24 06:40, nateham6 wrote:
What is BPO?

Nate

BPO = Brokers Price Opinion
They will sometimes use one to help determine market value, rather than a full appraisal.
nateham624th November, 2005

Thanks for the response.

Does the bank give you this price before hand? Im sorry, can you give an example?

Thanks,

Nate