I am the realtor and in Georgia the realtor cannot netgotiate short sales only provide information.
In this case they have used recent sales that support the Bank's value but these sales are not
at all comparable. All of the current listings are for LESS than my properties. I have provided
these to the bank and they had a second review but did not lower the price. I have also provided
sold comp's outside of the subdivision to support my price. My seller has past away and has nothing
inhis estate. The Bank will not even give me a letter stated they turned down the short sale.
What should I do?
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Who is the investor on the loan, is there MI? Like Smitty says, most appraisals expire in 120 days.....
Can you wait a couple months and resubmit? I've done that. The BPO will likely expire and they will have to order a new one. The issue is the buyer.. will they wait? Mine did but I'm not sure every buyer will. I've also used the buyer's appraisal to combat a high BPO. Who is in charge of the negotiations? Have them ask for a copy of the BPO performed.