So my homes BPO was 265000 and I owe 219000

[minknmelissa]

So I really don't know if i fail the NPV or Pass because i thought they only figure 75% of the market value right now when they do the test so can anyone explain the Npv to me a little bit because I dont get it completely like how much do they figure into foreclosure expenses.

[ama125]

Originally Posted by minknmelissa

So I really don't know if i fail the NPV or Pass because i thought they only figure 75% of the market value right now when they do the test so can anyone explain the Npv to me a little bit because I dont get it completely like how much do they figure into foreclosure expenses.

I have posted lots about it, see here: PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe - perhaps a Sticky is in order ?.

Truth is, we don't know the exact figures they are using but can use the FDIC model and its values as a guide. It is complex, but if you take the time to look it over, you'll have a better idea of just what the NPV is meant to do...compare the cost of foreclosure vs cost of modification.

[minknmelissa]

Thank you AMa im going to check out your post ive already done the fdic calculator but I was sure of some of the numbers