I hope this post finds you well.I have a question for all. We have been negotiating a short sale with Sun trust for over 10 months. We had previous approval at 1.125M, house originaly sold for 2.2M, Market fell so hard we went back to renegotiate and new BPO & appraisal both coming in at $760k. 2 months go by waiting for another final approval. We are assured it is forthcoming. Week after week, we are told the approval is going through and we should have it by the end of the week...call back. In the 11th hour, the bank finally responds with a denial because they would not allow anyone to"flip" it. They have been completely aware through both rounds of negotiations that this is a short sale and we are investors. If you would not mind, I would appreciate your opinion on the situation or any advice you might have to offer. Your insight is greatly appreciated.

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