Short Sale Seller got some CHASE documents yesterday by FedEx. CHASE's letter sorta says "Borrower is now HAFA approved", which I though was good news. My first HAFA.
However, that document said I had to list it $30.000 -$40,000 higher than FMV where I am using my comparables. CHASE haven't factored in the amounts needed to remedy recently discovered issues. As of today $33,200 known in repairs. Needs New septic $28,000, $4,200 Termite & $1,000 roof.
ALSO Got a buyer that had a offer being reviewed by CHASE but he walked this morning, after getting the Termite & Septic Report back.
My CHASE Negotiator is the guy named JOHN GONZALES the one that the Superstars like.
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Do I ask to see the BPO they used that supports their list price? Will they even tell me?
Does debating their list price ever work?
If so, what do I do? Specific tasks 1) 2) 3)
Do I send them reports that just came in this week = Termite Reports $4,200, Septic is shot and need a new system replacement cost $28,000 & Roof repair $1,000????
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I would argue up the food chain as usual, and, contact the Investor on the note directly (always the best move).
Also, where you have to "list" the home, is that also reflective of the "gross" they need to approve the deal?
Does your current "net" meet their guidelines?
@ Suzanne, love your response.
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