Monday, January 9, 2012
Anyone experinced in FHA short sales?
looks like you will have to go with the contract price on this one next time don't put the wagon before the horse do comnparables for the area of a 6 block radius before submitting anything in writing. Be real-- if you were the owner and you could get 90 wouldn't you take it if it was already the bid price or would go down to 70. just because the appraisal came in at 70-- realistically--what would you do if you were the owner. I would accept the bid price you first gave me and if I were the first lender Fannie Mae--I would still be trying to get top dollar.
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