GMAC wants more than the home is worth

I have a current short sale with GMAC (primary) and they want more than the home is worth...they won't budge. Any suggestions, other than getting another offer? Thanks, Tina

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Permalink Reply by Sue Martin on September 21, 2010 at 7:58am

Hi Tina,
The best thing to do is provide comps to the GMAC, explain and keep pressing for an approval. You are not likely to find another buyer to purchase the home for more than it it's comparable value. You can escalate to a supervisor through equator also (if you are using equator). If you are not, ask for the supervisors telephone number. Good luck!
Sue

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