The Executive Committee of the Association of Appraiser Regulatory Officials, (AARO), has issued a letter of warning to the Secretary of the Treasury regarding the use of Realtor BPO's instead of appraisals by State licensed appraisers for establishing values on mortgage modifications.

Click here read the AARO letter: Download AARO BPO Letter to Treasury

Source: ICAP - Illinois Coaliton of Appraisal Professionals