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BPOs are simply mini Comparative Market Analysis (CMAs). Banks order BPOs whenever selecting to just know the cost of the buildings. This could happen in many occasions; for example, the owner could be applying for refinance, as well as owner end up being in default, or the home or property could continue in foreclosure or even in need within a short on sale. Currently there is a huge demand for these types of BPO orders due towards foreclosure turmoil. Since banks require BPOs in order to become performed by licensed industry pro
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