Inman PM: NAR defends BPOs

Today's Top Real Estate News

ADVERTISEMENT ONLY 5 DAYS LEFT! Save over $300 on Connect SF 2010 when you register by Friday, March 19th. Register Today! TODAY'S TOP STORIES = Premium Member News - Join Now » Monday, March 15, 2010 NAR defends BPOs By MATT CARTER There's no evidence that relying on a broker price opinion "exacerbates mortgage fraud or abuse," the National Association of Realtors said in a letter defending the use of BPOs in the Obama administration's short-sale incentive program. Industry groups representing appraisers are pushing for a ban on the use of BPOs to value short-sale properties in the Home Affordable Foreclosure Alternatives (HAFA) program, saying they open the door to mortgage fraud. More » Meetups bridge marketing divide 'Make a friend now, do a deal later' Builder confidence falls back Survey: Midwest, South most pessimistic John L. Scott feeds to Zillow Deal broadens exposure for Northwest listings Buyers balk at markup on flips Mood of the Market OTHER TOP STORIES Tough love for real estate 'Virgins' The toughest real estate transaction A lender's end to overages HAMP: Permanent loan mods up 45% Latest News »	ADVERTISEMENT If you like our free daily headlines – you will love being a paid Inman Premium Member! Access to 1000's of articles, industry reports, webinars, and more. Only $149.95/year. Subscribe Today! READER COMMENT "My small REO brokerage does roughly 1,000 BPOs per year ... our experience says that the more BPOs we do, the more REOs we get." --Chris Manning SPECIAL REPORTS To Be a Broker A Real Estate Crystal Ball Social, mobile, local real estate More Special Reports »
Inman News Headlines is a twice daily e-mail delivered by the real estate industry's leading source of breaking news and unbiased market analysis. To gain unlimited access to all Inman News articles and take advantage of exclusive, premium members-only benefits including free access to our Industry Special Reports and Week-in-Review e-mails, plus discounts on our industry-leading events and in-depth research reports, Upgrade to an Inman News  Premium Membership today! You are subscribed to this mailing list, headlines, as: roballeyrealtor@gmail.com. If you can afford to ignore breaking real estate news and emerging technology trends, then Unsubscribe. Inman News, 1100 Marina Village Parkway, Suite 102, Alameda, CA 94501 © 2010 Inman Group, Inc. All Rights Reserved