I received an ATP from Wells stating to list property at 275000 and minimum net to be 242000. I have an offer at 280000 and a net of 257000 sounds like a no brainer....I just get message in Equator stating that they want buyers highest and best as this offer falls below minimum net because of partial claim. None of this makes any sense to me because why would a buyer who is already paying more than the appraised as-is price make an even higher offer. The amount of the partial claim is approx. 65k and the principal balance is approx. 245k now, Really confused and frustrated and no one available to speak to in the SS dept until tomm.
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