Royal Bank of Canada strikes again. This bank has been very difficult to do a short sale with. The last short sale I did, they had the 2nd lien and BOA had the first. RBC would not approve the short sale unless we reduced our commission and gave it to BOA. When we asked them why, they said it would help the economy!
Now I am blessed to be doing another short sale with these guys. Why me? This time they want the buyer to pay $400 to have an appraisal done. The buyer is ready to walk so I am sure that will not happen. Then I am going to be left with finding another buyer for the property . . . one who will pay for a full appraisal before they even find out if the bank is going to approve it.
Any suggestions!
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