Freddie mac
I just had an approved price come back At 165k, around 40k high. Seterus tells me that the bpo came in at 145k, but Freddie Mac added to the value. We're disputing the value, not sure how it will workout. Seterus is telling me that Freddy has changed their guidelines and we can only assume that they are adjusting up as if the market is recovering. Any light on this folks??
Also was told that the disputed values are sometimes coming back even higher!
Chad Phillips w/ remax gold
Also was told that the disputed values are sometimes coming back even higher!
Chad Phillips w/ remax gold
Comment
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Comment by Short Sale Superstars LLC on September 16, 2012 at 4:46pm
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So the offer that was being reviewed was for 165k and the value came in at 145k? Sounds like the offer you submitted was a slam drunk for the investor to approve. So you have an approval letter at 165k purchase price? What did you submit for the value dispute comps? Is this buyer financed as if the property does not appraise you can possibly get the buyer the property at a lower offer.
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