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Click ‘Get Form’ to open the bpo form in the editor.
Begin with the 'Subject Property Information' section. Fill in the FHA Case #, condition of the property, and indicate if it is vacant. Provide the property address and type, along with HOA details if applicable.
Move to 'Subject Property Marketability'. Here, input current market conditions, average marketing time, and price range. Note any new construction nearby.
In the 'MPR Repairs' section, list any necessary repairs along with their estimated costs. Ensure you total these estimates accurately.
Proceed to 'Marketing of Subject Property'. Highlight positive and negative features, listing history, and recommended marketing strategies.
Fill out 'Competitive Listings' by comparing your subject property with up to three comparable listings. Include details like address, sale type, and adjustments.
Complete the 'Competitive Closed Sales' section similarly by providing information on closed sales that relate to your subject property.
Finally, summarize your comments regarding market conditions and provide your opinion on why the property hasn't sold. Conclude with market value assessments for both as-is and complete repairs.

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