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Good morning Superstars,

I listed a short sale in Snellville, Georgia.  The best offer we received was a cash offer for 113k.  Comps I used when determining price came in between 110k and 115k, so this is a reasonable offer and we submitted the offer with the short sale package to Green Tree.  In addition, the property was built in 1987 and needs repairs and updates.

Green Tree had a BPO done and countered at 165k and asked that I list the property for this amount - which I have done.  There are no comps in the area that have sold for anything near this amount and the most recent comps have sold for less than my list price.  I hope you can see my dilemma.

I am wits end.  What do you suggest I do at this point.  I've worked with Green Tree before and know it's almost impossible to escalate and expect them to be reasonable.  My original buyer terminated the contract and Green Tree has closed the file.  What would your next move be if you were me?

Thanks much for your thoughts.