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Updated about 16 years ago on . Most recent reply

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1,346
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596
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Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
596
Votes |
1,346
Posts

Some Short Sale Questions

Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Posted

Few questions for those who do lots of short sales...

If I have an agreed price with the bank and say I need to throw a large repair credit in there after, should I just revise the hud with a credit back or will the bank at some point ask me to get a new purchase and sale for a lower price? What are the odds of them agreeing to some repair issue credit, etc., after they have approved a SS?

If a BPO comes in too high, is there a good possibility to have it revised and what is the best way to ask for this?

How possible is it to move the law day back if the SS is already being negotiated? Is this something likely to happen, or does it usually fail, what's the consensus?



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