We are meeting with agent today to discuss a price amendment on our SS offer due to a low appraisal ($30k less than offer). We will be including a copy of our lenders appraisal, but wondering if there is any particular language that should be included in the amendment to argue our case?
You need to be a member of Short Sale Superstars to add comments!
**********************************
like buttons
Replies
Additional explanatory language is not included in a price change amendment, as a rule. You could, however, state it is due to whatever clause in your sales contract states the purchase is contingent on the property appraising for contract price - IF your contract has such language. Not all contracts do. If you are trying to get the short sale lender to change a price, the listing agent or negotiator can submit the appraisal to that lender. Finally, the price change amendment may not be accepted by the seller, since he still owns the property.