Okay... The new employer screwed up and didn't realize that I don't actually live in Tucson and will have to relocate. I received a relocation packet today. There is a thing called a BVO, or Buyer Value Option, which they apparently want me to use. Huh?
A BVO is when you want to sell your home and you let a third party (set up by your new employer) put it up for sale. You get an offer and you don't sign it, but then send it to the third party. They review it and then give you the money. You have just sold your home to the third party, not the one making the offer. The third party then sells your home to the other party.... or something like that.
I read the agreement several times and am very confused.
There are apparently some tax consequences associated with it, too. Could someone explain this BVO thing in Modern American English? It is far too esoteric for me. So far, Google ain't helpin' me.