13th WEDNESDAY 9:30am
Event Location Administrator Event Duration
BPO's Queens Ozzy Mejil 3.75hr

Among the many topics, this class will include:

  1. BPO Defined
    1. BPO-vs-Appraisal
    2. BPO-vs-CMA
    3. BPO-vs-MSR
    4. Interior Inspections
    5. Exterior/Drive-by Inspections
    6. AS-IS Valuation
    7. Fair Market Valuation
    8. AS-IS Repaired Valuation
    9. Probable Sales Price
    10. Suggested List Price
    11. BPO Risk Management
    12. Typical BPO Fee Structure

 

  1. PURPOSE – Why BPO’s Are Ordered
    1. Short Sales
    2. REO Marketing And Pricing Strategies
    3. Bulk Institutional Sales
    4. Relocation
    5. Pre-Foreclosure Evaluation
    6. Legal Disputes: Matrimonial, Business and Tax Appeal
    7. Mortgage Fraud
    8. Seller Pre-Marketing
  1. Methodology and Guidelines
    1. Selecting Comparables-Sold and Listed
    2. Bracketing
    3. Calculating Adjustments
    4. Determining Condition
    5. Functional Obsolescence
    6. Environmental, Structural, Mechanical and Cosmetic Issues
    7. Percentage of Homeowners -vs- Renters
    8. Percentage of REO’s -vs- Homeowners
    9. Percentage of New Construction
    10. Percentage of Short Sales
    11. Urban, Suburban and Rural Settings
    12. Neighborhood Geographic Boundaries
    13. Narrative Regarding Subject And Neighborhood
    14. Proper Photos



Ozzy Mejil has been licensed in the practice of real estate for over 12 years. He has served with the NYPD for 20 years and retired as a Detective. Ozzy took that same passion for helping others and translated that energy into making sure that real estate licensees get the best possible training in Real Estate Safety. Ozzy is dedicated in providing his fellow Associates with the knowledge and awareness that keeps them safe while performing their duties as licensees. He also takes that same passion in helping homeowners who are facing foreclosure by counseling & educating them through the process in addition to assisiting in loan modifications and short selling their property if necessary.  



Ozzy served as the 2014 President for the Jamaica Central Queens Chapter of the Long Island Board of Realtors. He currently serves as a Director for the South Queens Chapter, the New York State Association of Realtors and is an active member on numerous committee's. Ozzy has earned the following designations & certifications: AHWD, BPOR, GRI, SRS, SFR, ITI, CBR, CNE, CDPE
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