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Bank approved payouts do not result in required payoff

Posted by Linda Cadotte on July 18, 2011 at 1:44pm in Short Sale Discussions
The bank approved amounts of "up to".... for various line items on the HUD.  When the amounts were subtracted from the accepted sales price, the payoff was about $6,000 short.  I have not seen an approval letter with the wording "up to".  Have you?  Does that mean we are to juggle the amounts to ensure the required payoff is met? 

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Replies

  • Sandra Allen July 19, 2011 at 10:30am
    Doesn't sound solid enough to move forward in my opinion?  Have you requested clarification from the negotiator?
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