We have a denial, from the investor, in TX, not Louisville KY.  He is looking at his "own" comps, not ours, according to Suntrust.

The house we have listed under contract (going on 10 mos with this ss) will not sell for the $75k more he is hoping for - but the investor seems to think it will!!  Ugh - what to do-

Homes in this area of Metro Louisville are going for $300+, and the contract is for $197k, it's in worse shape NOW compared to when it went under contract in OCT 2011,( 3rd contract)...and investor is now looking for no less than $269k. 

Ironically this ss was accepted originally, but then the BPO expired in May, due to the 2nd lien holder stalling their own approval.  Once 2nd lien holder approved, we went back to Suntrust with the appropriate extensions, waiting for the new approval to be sent.

Suddenly a new BPO had to happen, because the BPO time frame expired,and then the denial came.  Suntrust is claiming the BPO was higher, and the BPO agent says no.  Investor says no.

Rotten!!!

Now what - how do we know this was presented to the investor at all???

Any input is appreciated -