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Sort Sale refused as NOT being a short sale???

Posted by Ann E Richardson on May 21, 2013 at 6:10am in Short Sale Discussions

Loan amount $304k, reinstatement amount $390k

The bank will not accept an offer of $312, they say this is not a short sale

I am thinking its because of the loan amount not the reinstatement.....all SS i have done have been less than original loan amount

Any thoughts

Thanks

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Replies

  • Kevin - Greenville, SC May 21, 2013 at 6:50am

    Maybe maybe not.  They may think the property is worth more than $390,000.  Who is the Servicer? Investor?

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