After process a short sale for over a year and providing all the right documents the bank decline the offer twice by saying "the current buyer does not meet the investor's quality standards".
They refuse to say if the offer price is too low or anything. The buyer is local investor with significant financial proofs.
Any Advise what can be the issue ?
Thanks!
Tags:
Sounds like an internal audit issue. You likely won't be able to find out why they are being declined. They likely found something during audit that flagged the buyer if the denial is truly based off the buyer. It could be a potential arms length issue or some other sort of conflict of interest.
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.