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BrokerPriceOpinion.com Launches New Due Diligence Tool

NationalMortgageProfessional.com
May 02, 2011

BrokerPriceOpinion.com has announced the launch of its Retrospective Broker Price Opinion (BPO) report, which provides a developed opinion of value for a subject property based on the retrospective date. The Retrospective Broker Price Opinion report can be used as a due diligence tool to identify critical information regarding a subject property’s characteristics or past misrepresentation of value that could have contributed to fraud in a real estate transaction. BrokerPriceOpinion.com’s retrospective BPO report furnishes comprehensive market sales data, a description of the subject property and a developed valuation opinion for a retrospective date. The report also includes a historical analysis of the subject property’s neighborhood, local and regional historical market information and trends, as well as sales data from comparable properties that sold relative to the effective date covered in the report. The retrospective BPO reports are conducted by the company’s nationwide network of more than 65,000 licensed real estate brokers, agents, and appraisers who provide supportable and credible valuations based on their local market expertise and the company’s technology driven data validation. Data of each report is reviewed for quality and accuracy by the company’s analysts based in Westminster, Colo. The Retrospective BPOs are based on the National Association of BPO Professionals standards, reasoning and methodology, and are customized, client-specific reports. "BrokerPriceOpinion.com has developed a solution for lenders, investors and insurers engaged in disputes over values on aged inventories of properties,” said Walt Coats, chief executive officer of BrokerPriceOpinion.com. “The Retrospective Broker Price Opinion report can be used by both parties in a negotiation as a standard by which all value disputes can be resolved.”
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