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

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