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Hey Superstars,

I've got a situation with Seterus.  

I am working a short sale with Seterus.  The seller lives out of state, but the house is in Georgia.  At the time of the purchase, the seller and her husband planned to relocate to the Atlanta area.  The file was forwarded to Fannie and came back with a request that my client make a 27k contribution.  My client has the money which came by way of her portion of some lottery winnings that she'd split with some other people.  The lottery proceeds equal about this amount.

When I listed the house, I purposely listed it slightly above market and we received and submitted a cash offer that's above list price, so there's no issue with the appraisal or the BPO done by Seterus.  My client has indicated to me that she's willing to make a contribution of 5k and that's it.  The seller's position is that she bought the house at the top of the market, put down 70k, has been paying mortgage for 6-7 years, etc.  The seller is requesting the short sale due to the fact that she and her husband have split up.

Seterus is looking at the property as an investment as you might've guessed.  How would you handle this situation if it were you? Thanks a million folks.