Can someone explain this to me?
I have a seller whose going through a short sell with EMC
EMC ordered a BPO and that value came in at 119
My client had an apprasial completed value 115k
EMC says they will not accept anything less than 218,000
Does this make sense? Can someone explain this to me? EMC reps will not explain why or how they got that 218k value
Tags:
Have you requested all of the loan docs with the intention of a Forensic loan audit?
When it seems that the servicer will not accept a SS or modication regardless of how much you think it makes sense for them to do so has to do with the original PSA agreement ( Pool Servicing Agreement ).
If it has a restriction a SS will never be accepted regardless of your BPO or appraisal
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.