RESIDENTIAL BROKER PRICE OPINION
REO# _____________________
LOAN NO. __________________ This BPO is the Initial 2
nd
Opinion Updated Special Order DATE _______________________
Property Address _____________________________________ UNIT #:___________
_____________________________________________________________________
Listing Agent Name _____________________________________________________
Phone # ______________________________________________________________
Email
________________________________________________________________
Block and Lot Foreclosed on # ____________________________________
APN # _______________________________________________________
Prepared By Name _____________________________________________
Phone # ______________________________________________________
Email
________________________________________________________
I. GENERAL MARKET CONDITIONS
Current market conditions: Depressed Slow Stable Improving Excellent
Market price of this type property has: Decreased ________ % in past ________ months
Increased ________ % in past ________ months
Remained Stable.
Estimated occupancy in neighborhood: _______ % owner occupant _______ % tenant _______ % vacant
Months of Inventory for competing market
_________
Approximate number of total units for sale in neighborhood:
_________
No. of comparable listings in neighborhood that are REO or Corporate owned:
________ No. of boarded or blocked-up homes: ________
Neighborhood characteristics Urban Suburban Rural Semi Rural
Area build up >75% 25-75% <25%
II. SUBJECT MARKETABILITY
Range of values in the neighborhood is $ __________________ to $ __________________
The subject is an Over improvement Under improvement Appropriate improvement for the neighborhood.
Are all types of financing available for the property? Yes No
If no, explain
Property Type:
Single Family Detached Single Family Attached Condo
Co-op Modular
Mobile Home-Manufactured
Condominium Hotel Land Only
Occupancy Vacant Occupied
Is the Current Use legal? Yes No
If no, explain
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1710372471
12/20/19
2210 EUFAULA AVE
AL
35208
TAHIRA
KHADAIR
2054440886
TAHIRA.NEWIMAGEREALTY@AOL.COM
REO# _____________________
Environmental Issues:
Yes No Environmental Issue Type _______________________
Location Challenges Influences? Yes No
Structural Concerns Yes No
Known Code Violations Yes No
Updated BPO Total ______ # Showings ______ # Offers ______ # Fall Thru’s ______
Why did they Fall Thru
Should Sales Incentive be offered? Yes No
What Type
Utilities
Public
Gas
Boiler/Heat
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Well
Septic
REO# _____________________
III. COMPETITIVE CLOSED SALES
Whenever possible, please use comps not greater than 6 months old
ITEM
SUBJECT
COMPARABLE NUMBER 1
COMPARABLE NUMBER 2
COMPARABLE NUMBER 3
Address
Proximity to Subject
Check if Applicable
SHORT SALE REO/CORP SHORT SALE REO/CORP SHORT SALE REO/CORP
Sales Price
$
$
$
Price/Gross Living
Area
$ /Sq.Ft. $ /Sq.Ft. $ /Sq.Ft.
Data Source
Sale Date
Financing Type
VALUE
ADJUSTMENTS
DESCRIPTION DESCRIPTION +(-) Adjustment DESCRIPTION +(-) Adjustment DESCRIPTION +(-) Adjustment
Sales or Financing
Concessions
Total Days on Market
No Days at Last/
Current List Price
Location
Leasehold/Fee
Simple
Lot Size
Curb Appeal
View
Design and Appeal
Quality of
Construction Rating
Condition Rating
Year Built
Above Grade
Room Count
Total Bdrms Baths Total Bdrms Baths
Total Bdrms Baths
Total Bdrms Baths
Gross Living Area
Sq. Ft.
Sq. Ft.
Sq. Ft.
Sq. Ft.
Below Grade Total
Living Area
(Finished)
Sq. Ft. Sq. Ft.
Sq. Ft.
Sq. Ft.
Below Grade Total
Living Area
(Unfinished)
Sq. Ft. Sq. Ft.
Sq. Ft.
Sq. Ft.
Functional Utility
Heating/Cooling
Garage/Carport/
Parking
Porches, Patio, Deck,
Fences, etc
Pool
Fireplace
Other
Net Adjustment (total)
+
-
$
+
-
$
+
-
$
Gross Adjustment %
Adjusted Sales Price
of Comparable
$
$
$
IV. MARKETING STRATEGY
Agent Recommended Strategy
As-Is Partial Repair Full Repair
Most Likely Buyer: Owner occupant Investor
Why are you recommending this strategy?
Updated BPO Recommended Strategy/Change Reason
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REO# _____________________
V. REPAIRS
Safety and property preservation repairs are required to be checked independent of strategy recommendation. For partial repair strategy recommendation,
click the radio button for those items recommended. Full repaired value will encompass everything on the list. You do not check anything.
RECOMMEND
DESCRIPTION
AMOUNT
Kitchen
$
Dining Areas
$
Living Areas
$
Baths
$
Bedrooms
$
Basement Finished
$
Basement Unfinished
$
Garage/Carport
$
Deck/Patio
$
Entire Home
$
Safety Repair
$
Property Preservation
$
HVAC
$
Electrical
$
Plumbing
$
Exterior
$
Other
$
Other
$
Other
$
Other
$
Other
$
Other
$
GRAND TOTAL FOR FULL REPAIRS $__________________
GRAND TOTAL FOR PARTIAL REPAIRS $__________________
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REO# _____________________
VI. COMPETITIVE LISTINGS
ITEM
SUBJECT
COMPARABLE NUMBER 1
COMPARABLE NUMBER 2
COMPARABLE NUMBER 3
Address
Proximity to Subject
Check if Applicable
SHORT SALE
REO/CORP
SHORT SALE
REO/CORP
SHORT SALE
REO/CORP
List Price
$
$
$
Price/Gross Living
Area
$ /Sq.Ft. $ /Sq.Ft. $ /Sq.Ft.
Data Source
VALUE
ADJUSTMENTS
DESCRIPTION DESCRIPTION +(-) Adjustment DESCRIPTION +(-) Adjustment DESCRIPTION +(-) Adjustment
Sales or Financing
Concessions
Total Days on Market
Current Price
Days on Market
Location
Leasehold/Fee
Simple
Lot Size
View
Design and Appeal
Quality of
Construction Rating
Year Built
Condition Rating
Above Grade
Room Count
Total Bdrms Baths Total
Bdrms
Baths
Total
Bdrms
Baths
Total
Bdrms
Baths
Gross Living Area
Below Grade Total
Living Area
(Finished)
Sq. Ft.
Sq. Ft.
Sq. Ft.
Sq. Ft.
Below Grade Total
Living Area
(Unfinished)
Sq. Ft.
Sq. Ft.
Sq. Ft.
Sq. Ft.
Functional Utility
Sq. Ft.
Sq. Ft.
Sq. Ft.
Sq. Ft.
Heating/Cooling
Garage/Carport/
Parking
Porches, Patio, Deck,
Fences, etc
Pool
Fireplace
Other
Net Adjustment (total)
+
-
$
+
-
$
+
-
$
Gross Adjustment %
Adjusted Sales Price
of Comparable
$
$
$
VII. THE MARKET VALUE
(The subject estimated value must fall within the range indicated by the adjusted Sales Price and listed price of the Comparables. Place the most weight
on those comparables that are recent, in closest proximity, and with the fewest overall adjustments. Never average values.)
Value Repair Amount Agent Estimated Execution
Current As Is Value $_________________ $_________________ _________________
Partial Repaired Value $_________________ $_________________ _________________
Full Repaired Value $_________________ $_________________ _________________
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REO# _____________________
VIII. Subject Property Comments
(Include specific positives /negatives, special concerns, encroachments, easements, water rights, environmental concerns, flood zones, etc. Justify your strategy
recommendation.)
Positives
Negatives
Repair Commentary
Code Violations
City Required Inspections
Functional Obsolescence
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REO# _____________________
Other Pertinent Information
Sales Comparison to Subject Notes
Listing Comparison to Subject Notes
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Validate