SarahC07 0 #1 June 14, 2010 You people know some weird stuff, so I must ask the following. (yes, i'm doing my own research, as well) Let's say you lived (and died) in CA and had a partial ownership interest in a commercial property located in Texas. Will a Broker Opinion of Value (BOV) or Broker Price Opinion (BPO) suffice to settle the estate? Is there an option? Can the executor of the estate choose to have a full blown appraisal completed, instead? Sources appreciated. Thanks. Quote Share this post Link to post Share on other sites
squirrel 0 #2 June 15, 2010 that is a good one, and tough to answer. my wife is a broker, and does BPOs on residential properties, some of which are use for refies of the properties, so some banks/lenders are willing to accept. But they often order two, from different brokers, to make sure there is "agreement" of the value. i am definately thinking in all comes down to who is the executor of the estate. is the executor familiar with a BPO? and is the property "simple" (not unusual) enough for a BPO to be adequate? ________________________________ Where is Darwin when you need him? Quote Share this post Link to post Share on other sites
