Share 'Preliminary Seller's Disclosure Form Rejection: Bad Math or A Bank Negotiating Tactic'
I am doing my first short sale in Brooklyn through SPServicing. It’s been going smoothly thus far with submitting the paperwork. However, the servicer has not accepted our preliminary sellers disclosure twice now. Both comments are “The net amount can’t be more than the offer amount”.
On the Preliminary Disclosure (Line 520 on HUD1) the total reduction amount due to seller is $638,800…
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