All Discussions Tagged 'Low' - Short Sale Superstars2024-03-29T07:06:36Zhttps://shortsalesuperstars.com/group/hafahomeaffordableforeclosurealternative/forum/topic/listForTag?tag=Low&feed=yes&xn_auth=noInvestors Turning Down Short Sale Because Their Own Appraisal Is Too Lowtag:shortsalesuperstars.com,2013-10-02:3468065:Topic:3344812013-10-02T21:49:00.415ZKathleen Sheridanhttps://shortsalesuperstars.com/profile/KathleenSheridan
<p>I just had a investor turn down a HAFA short sale because the appraisal that they ordered is too low. It seemed spot on to me. Now they want me to sell the property as a regular short sale for an undetermined amount OVER the appraised value. </p>
<p>That is not the 1st time recently that I have been dealing with an investor who wanted the property sold for over market value. FannieMae ordered 2 BPO's on property and then wanted the property listed way over market value. Then they scheduled…</p>
<p>I just had a investor turn down a HAFA short sale because the appraisal that they ordered is too low. It seemed spot on to me. Now they want me to sell the property as a regular short sale for an undetermined amount OVER the appraised value. </p>
<p>That is not the 1st time recently that I have been dealing with an investor who wanted the property sold for over market value. FannieMae ordered 2 BPO's on property and then wanted the property listed way over market value. Then they scheduled the foreclosure. </p>
<p>Is there something that I am not understanding, or are these investors complying with the letter of the HAMP/HAFA regulations while making foreclosure inevitable? </p>