After process a short sale for over a year and providing all the right documents the bank decline the offer twice by saying "the current buyer does not meet the investor's quality standards".
They refuse to say if the offer price is too low or anything. The buyer is local investor with significant financial proofs.
Any Advise what can be the issue ?
Thanks!
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Sounds like an internal audit issue. You likely won't be able to find out why they are being declined. They likely found something during audit that flagged the buyer if the denial is truly based off the buyer. It could be a potential arms length issue or some other sort of conflict of interest.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com