Hi everyone, I have a FHA short sale with Citi. They sent over the HUD letter asking me to list the property at a price of $325K and that their lowest acceptable net is $289K. The problem is the property has been on the market for 3 months at $284K, then $272K and no offers so we need to reduce again. Has anyone disputed HUD's value on a short sale? The negotiator with Citi said to dispute it but is not responding on what to include in the dispute, what format it should be in, etc. If anyone can provide details on how they have successfully disputed HUD value that would be appreciated! I am ready to send over a full CMA if they will accept that.
Thanks
Scott
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