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Standard BPO, Drive v2 7369 Brace St, Detroit, MI 48228 Please Note: This report was completed with the following assumptions: Market Approach: Distressed Price, Marketing Time: Abbreviated. Important

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What is standard bpo drive-by v2?

Standard BPO Drive-By v2 is a type of BPO (Broker Price Opinion) report that is conducted by a drive-by inspection of the property. It is used to estimate the value of a property for various reasons such as refinancing, foreclosure, or selling.

Who is required to file standard bpo drive-by v2?

Real estate agents, appraisers, or property valuation professionals are typically required to file standard BPO Drive-By v2 reports.

How to fill out standard bpo drive-by v2?

To fill out a standard BPO Drive-By v2, the inspector will need to physically visit the property, take note of the exterior condition, take photos, gather relevant property information, and use comparable sales data to estimate the property value.

What is the purpose of standard bpo drive-by v2?

The purpose of standard BPO Drive-By v2 is to provide an estimated value of a property based on a drive-by inspection, which can be used for various financial decisions such as refinancing, foreclosure, or selling.

What information must be reported on standard bpo drive-by v2?

The standard BPO Drive-By v2 report must include details about the property's exterior condition, neighborhood characteristics, photos of the property, and comparable sales data used to estimate the property value.

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