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Again, an appraisal only works by a licensed appraiser who is registered with the state. Circuit. BPOs may be used before a bank takes having a house, or assess a short sale offer, but they don't used in lending situations when a buyer is purchasing an at home. Why not? Because then a lender is serious and wishes to make sure they are truly getting their money worth on lending money to consumer. They want a licensed appraiser to value the exact property then, and can also pay more for i