Has anyone been able to figure out a percentage off the initial suggested list price that a lender might accept in a pre-approved short sale?
For example, in a HAFA short sale or a BoA Co-op sale, the lender does a BPO first and then suggests an initial list price 'according to their guidelines'.
FHA makes this very easy since they publish they will accept a net of 88%/86%/84%.
Has anyone figured out a rubrick for a HAFA or Co-op sale during the first 21 days?
In other words, if they suggest an initial list price of $68,000, what net percentage might be within normal limits?
I am sure alot of this depends upon lender and investor guidelines, or are there some inherent HAFA/Co-op guidelines that are independent of the investor?
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As long as you can justify the price I'd submit it.