Replies to This Discussion

Permalink Reply by Patti Guilford on January 27, 2012 at 2:46pm

Close the file. Reopen and include a certified BPO. Seller may have to pay for an appraisal and tie it to the home.

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Permalink Reply by Sharon Molnar on January 27, 2012 at 8:34pm

Thanks Patti, I know you are the Short Sale Queen!

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Permalink Reply by Mike Aubele on January 27, 2012 at 5:45pm

Hi Sharon,

Were you there when the BPO was performed by chance?

Mike

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Permalink Reply by Sharon Molnar on January 27, 2012 at 7:06pm

Usually I am this one I wasn't. It'd be a different story if I was.

 

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Permalink Reply by Helena Kaucheck on January 27, 2012 at 5:59pm

worked with 5/3 and they are a bit troublesome...Find out first if the price they are looking for is really what they want it grossed up to in order to get a certain Net Proceeds.  If not, then, if it's an Fannie Mae/Freddie Mac loan I'd see if I can call Fannie Mae/Freddie to advise them of 5/3's demand to inflate a value due to a bad BPO.  That may work....

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Permalink Reply by Sharon Molnar on January 27, 2012 at 8:35pm

Thank, I've asked what they want NET. Haven't heard anything yet. Will check and see if it fannie or freddie.

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Permalink Reply by Angela Alfe on February 21, 2012 at 2:43am

Have the seller submit a QWR and then see if you can approach the investor directly.

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