Has anyone else been having problems with Nationstar they took over a lot of loans from BOA I just received a counter offer on a property (short sale) they want the seller to come up with 36k and also came back 23k over contract price which area is not close to appraising at this amt. please let me know if anyone else has ran into this problem with this bank? and if so how did you handle it.
Tags:
Reta,
Do you know why they feel the seller has 36k available? Are they asking for a contribution to waive the deficiency? Is it possible for them to take a note for less? In regards to the purchase price you need to do a value dispute. You can look into completing a value dispute now, or potentially in closing if the property doesn't appraise. You need to find out what the minimum NET the investor is willing is approve, so you have a better idea of what is really going on.
If you have any questions feel free to reach out to me as my door is always open.
310-564-6389
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.