Indymac asking for $30,000 more than market value

Indymac has approved the short sale (at the inflated price) but Green Tree, of course, is requesting more money from Indymac.

 

At what point should I, the buyer, fight the BPO?  Do I wait until IndyMac and Green Tree finish fighting it out and I get the final approval?  Or do I start fighting now?  What would be the best way to approach this?

 

Any advice is appreciated! 

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Permalink Reply by Smitty on May 31, 2010 at 11:11am
Fight now. If you're the buyer, your buyer's agent can easily do a CMA and show the true value for the property. That agent can submit to the listing agent who can submit to Indy Mac.

If the property is over valued by the BPO agent, ask the listing agent to request a 2nd BPO as you submit your CMA. Good luck.

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