Search for:
i was trying to buy a shortsale for 14 months contract appraisal all inspections done. whats wrong with these banks.
Home Value Link - http://www.homes.com/Home-Prices/ID-400013831796/3862-DEVONSHIRE-DR/
150 characters left
Answer Tips: Share your knowledge. Be on-topic . Refrain from self-promotion.
* Refer to our community guidelines.
* Refer to our community guidelines.
Answers
Viewing Answers 1 - 2 of 2
answer by
aretha conaway
|
answered questions:
1
i did have a contingent contract.the closing was cancelled one day before the closing date. i dont know what the bpo was.it was resubmitted that was in july.it was 2 banks. only 1 bank is giving up a approval letter. thats was the problem in july....expired approval letter
Short sales can be very frustrating and Im sorry you have had to deal with this. I can say It all depends on the what the banks believe the value of the home is. Do you know what the BPO value? I hope you did not spend your own money on the appraisal and inspections. You should make your contracts contingent upon third party approval, so you do not spend that money upfront without a ratified contract. Feel free to email me and I can give you more information.
Please read Homes.com's Questions & Answers Community Guidelines.
