I have a question for anyone who has come across this situation before.. We have been working with Chase Bank on one of our short sales, this is an FHA loan so the bank had a full appraisal done on the property. We later received an ATP from Chase Bank at 155,000, we signed this contract with FHA as well we received an offer higher than this amount.. This file was later transfered to another negotiator who then reviewed the file and discovered the ATP should have been 185,000.. The question I have is that due to the fact that we have a signed agreement with HUD do they not have to honor this agreement???
Someone please help.....
Thanks so much!
Comment
David. What's ATP stand for? Did you ever receive the HUD 90045? This is the document that dictates the price on a FHA PFS. We have an FHA representaive that is one of our members. Pop Darrell an email:
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