Our short sale process has been a pain in the butt with SPS ... first, we just found out the "investor" is the mortgage company that we had in the past, for the last three years. It was supposeively "sold" to SPS (from PNC) back in October 2009 when we applied for a loan modification and had to re-do the whole process to modify the loan ... which by the way, was denied and one of the reasons we are now have to short sale the home.

So, we got an offer on the home in September ... great offer with a 75% down! SPS called our listng agent andsaid the investor ... asked the purchase price to be$26,000 more than the contract offer price.  And by the way, we have an appraisal that is $3000 less than the contract purchase price we received on the first week of October!! Not for the amount of the verbally asked price from SPS!! (oh, and yes, they have a copy of the appraisal!)

The buyer's agent, said send in writing ... we did an addendum ... they wanted a counter offer ... don't blame them! We have asked SPS to give us something in writing with the price they verbally gave us on the phone, but they WILL NOT!!

SPS rumor is ... they get this far, and then they change the purchase price again!

We are meeting with an attorney next Tuesday, buyer is threatening to walk away!

The homes in Arizona are not going up ... they continue to DECREASE ... maybe not like they did for 2008-2009 ... but they are still going down!

Whats wrong with this lender and every other lender!

Work with us and this wouldn't be a flipping night mare of a problem!!