User:Sdbroker

This is my first posting on Wikipedia. I am AJ Modig an REO - BPO specialist in Southern California licenced since 1989. I have been doing BPO's since 2003. I currently have listings from Banks and various asset managers around the country. I am NVSI Certified www.nvsinstitute.com My real estate company Bear State Realty has well over 50 companies that we work with and for. Doing every aspect of the process from the original Drive by BPO to the Actual Close of escrow.

One of the nicer aspects of my job comes from being able to help people out of the bad situations the have come about due largely in part to the sub-prime meltdown here in Southern California. I have become an expert in the art and ever changing science of the “Short Sale” or “Short Pay” a not very well understood aspect and alternative to a foreclosure or a Deed in lieu of foreclosure. Definitions

BPO = Broker price opinion: Short Sale: A sale of a property for less then the total loan balance usually approved in the case where a borrower has had some hardship like a loss of a job or a decrease in pay, a change in payments due to an increase in the interest rate from an adjustable rate mortgage.