"It is technically not a denial...FHA guidelines say that if the appraised value is too low ($75K less OF 50% less than the current balance due on the mortgage) than the short sale lender has to submit for a variance. Just go back to the…"
"I would take a look at the seller's financial documents. FHA may be looking at the amount they are paying in rent and thinking that they could be paying that towards the mortgage. It may be that FHA wants to get the owners to move…"
It may sound strange and is very uncommon, but it does happen. I have had at least 3 deals in the past decade where the short sale lender asked for a lower offer. In a nutshell, it sounds like the short sale lender completed…"
I have been working short sales for over 7 years. I specialize in short sale negotiations for my office (we are a boutique brokerage) and I close an average of 5-6 deals per month. My own listings average 1-2 closing per month.
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