((((BEGIN VENT)))))Yes. I have a tear down property that has an auction date. We got one postponement. Cash deal rejected...OFFER TO LOW. Interesting that Select Portfolio never has stepped FOOT in this property so HOW WOULD THEY KNOW the offer is too low????? Got a second buyer in. Now the offer is lower. Our company ordered appraisal which verified tear down and that it's NOT WORTH $320,000 as indicated in drive by, but as is $140,000 - appraiser can't take demolition of home into consideration only repair estimates. Offer for $115,000.
We were told today they STILL want to continue with this auction. No counter, just outright flat denial. They have YET to order an interior BPO and are still looking so we wrote to Matt Hollingsworth CEO of SPS and how much do you want to bet we won't hear a THING???
So if you're an investor of Deutsche Bank National Trust Company, as Indenture Trustee, on behalf of the owners of the Accredited Mortgage Loan Trust 2004-4 Asset Backed Notes - You are about to lose a LOT OF MONEY
((((END VENT))))
Tags:
Quick follow up. SPS rose to the occassion and ordered immediate walk through today after we wrote in to Matt.
THANK YOU MATT IF YOU'RE LISTENING!!
Sps is back to being in my top 3 of lenders to work with...Now let's get this sucker approved.
Good job with your pro active approach.
It is good to hear that there may be some intelligent players in this game.
Smitty, Do you get this done?
Good work! congrats!
© 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.