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Savita Savita's Discussions
short sale bank asking for above their BPO value
Started this discussion. Last reply by Phoenix Nest Homes Jan 11. 2 Replies 0 Likes
Can a short sale bank ask for above their BPO value?Selene BPO value came in at 375K and they are denying it countering at 430K. Can they do that? If not who can I report this to? Continue
Short sale value dispute
Started this discussion. Last reply by Minna Reid Nov 15, 2022. 2 Replies 0 Likes
Been having a hard time getting short sales approved with banks that are looking for market value with properties that are handy man and in bad conditions. Any suggestions?Continue
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Phoenix Nest Homes replied to Savita Savita's discussion short sale bank asking for above their BPO value
Minna Reid replied to Savita Savita's discussion Short sale value dispute
"Do a value dispute. Provide your own comps, repair estimates, showing and feedback history. If youve had an inspection, send the report. You can usually get them to back down with this, or just wait 3 months for the BPO to expire and try again."
Phoenix Nest Homes replied to Savita Savita's discussion Short sale value dispute
"Submit repair bills. Most short sale banks have been looking for closer to the bpo value than normal due to the recent market moves during covid....I see that changing soon. You can also dispute the value using comps as well. I…"
Phoenix Nest Homes replied to Savita Savita's discussion short sale bank asking for above their BPO value
"Technically they can do anything they want. Maybe get the buyer up a small bit more. I would also ask for a copy of the bpo. You also have the right the request a value dispute. None of these are a guarantee but a few options…"
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- At 12:34am on February 2, 2018,
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