Shanna D Hall's Blog (1)
FHA short sale question... I need advice!!!
I have an FHA short sale listed. Bank of America came back and told me to put it on the market for $16,000.00 and that they must walk away with $14,080.00. We are currently in phase 2...
The problem is that the numbers do not work...
Sale price 16,000.00
Seller incentive is 1,000.00
Title Company fees are 495.00
Commission is 6%= 960.00
Totaling this is less than the bank requirement...
Any advice?
Added by Shanna D Hall on October 29, 2012 at 11:11am — 3 Comments
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