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Permalink Reply by Hericson Torres on November 10, 2013 at 6:40pm

Let the file close out and re- submit when those values expire. No sense in fighting two valuations!

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Permalink Reply by Bryant Tutas on November 12, 2013 at 2:02am

Hi Donna. If it's a fannie mae deal you can dispute the value at http://www.homepathforshortsales.com/

If it's not then just put together a details analysis justifying the price you have. Overwhelm them with data. But of course be sure your value is justifiable. If not...find a better buyer.

I dispute values all of the time and have been successful every time.

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Permalink Reply by Suzanne Martin on November 15, 2013 at 5:10am

Hi Donna.  It is so frustrating when this happens.  Have you prepared a list of items that need to be done along with a cost relating to the repairs?  Did you find out what the appraisal and bpo's came back with as far as value?  I would drive that over and over and go to a supervisor. Also, it wouldn't hurt to have a  lender write a letter saying it is not financeable due to those issues.  Since I am relentless with my short sales, I would find a "winner" there at Citibank that is willing to review the file correctly with you.  Keep positive.......don't give up!  You can do it.  

 

Also, Mr. Torres below has a good point about letting the file close and re-initiate the short sale.  However, be careful about the trustee sale dates, etc.  Sometimes closing a file and having it re-assigned makes all the difference.

 

  Suzanne Martin

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