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Again, an appraisal can merely be accomplished by a licensed appraiser can be registered with the state. Circuit. BPOs may be used before a bank takes possession of something like a house, or to evaluate a short sale offer, but they are not easy use in lending situations when a buyer is purchasing a building. Why not? Because then a lender is serious and wants to make sure they are truly getting their money worth on lending money to the client. They want a qualified appraiser to value the property then, and will definitely pay m
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