I have a Short Sale Listing with EverBank. My Seller does not have a Financial Hardship based on their Tax Returns. The Loan amount is $680,000 and the highest offer we are receiving is $475,000. A few months ago EverBank denied a Loan Modification, Denied a "Deed in Lieu" and are threatening to Deny the Short Sale. Any Suggestions?
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Hi Gabriel. You'll get more responses by using the forums to pose questions. The blog is more for sharing info.
Negotiate a deal as close to market value and then just submit and see what issues come up. If the seller does not have a financial hardship then they need to be prepared to make a cash contribution, sign a note or both. I do these types of short sales all the time.
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