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Bank asked us to lower our offer

Started by Henry R Morton in Short Sale Discussions. Last reply by Henry R Morton on Wednesday. 2 Replies

FHA Short Sale DENIED

Started by thomasina singleton in Short Sale Discussions. Last reply by Brett Goldsmith Mar 12. 1 Reply

USDA LOAN CURRENT GUIDELINES

Started by Brett Goldsmith in Short Sale Discussions. Last reply by Justin Berry Mar 13. 1 Reply

FHA SHORT SALE TIP

Started by Kiann Lewis in Short Sale Discussions. Last reply by Evelyn Gutierrez, SFR, MRP, CDPE Feb 21. 1 Reply

3 Short Sale Tips

Started by Rebeka Shadpour in Short Sale Discussions Feb 6. 0 Replies

Tip for Short Sale

Started by Bridgette Villamor in Short Sale Discussions. Last reply by Johnny Escobar Feb 22. 5 Replies

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Henry R Morton replied to Henry R Morton's discussion Bank asked us to lower our offer
"The home was listed in August of 2016 at $129,900 In November the price was dropped to $119,900. We put in an offer of $110,000 in Late December. We reviewed all the comps in the area with our Realtor so $110,000 seemed like a fair price taking into…"
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Brett Goldsmith replied to Henry R Morton's discussion Bank asked us to lower our offer
"I've never seen a bank say this but maybe it's possible that the bank sees you are paying above FMV and that the property won't appraise at closing? What's the price…"
Wednesday
Henry R Morton posted a discussion

Bank asked us to lower our offer

Back in December My wife and I put in an offer on a Short Sale. Yesterday my Realtor advised us that the sellers bank had completed the appraisal (Original loan is a VA loan) and our offer was too high. They advised us to re-submit for $40K less…See More
Mar 21
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