Chapter 8 “Day of Reckoning part 2” A cool morning in early FEBRUARY and I am on property waiting for a NEW APPRAISER for a NEW LOAN on the SAME SHORT SALE. I’m nervous as a bride on her wedding date (if that saying were true) and up comes my Prince Charming in a pick …
Chapter 7 “Now What?” Mid JANUARY and everyone has said NO, current deal is pretty much over and it’s not looking good. BUT wait, what if……………I write a NEW DEAL with a NEW LENDER and we do it all over again? HUH? I have one thing on my side in this little deal and it’s …
Chapter 6 “The Request” After the “CHALLENGE” I had one more thing I could try and that was to ask the Short Sale Lender if they would consider lowering the Approval Price to meet the appraised value of 340,000 Conversation went like this; Me; “Mr Lender, will you adjust price to meet Appraisal and we …
Ok, this is where we are at in the story. August 2011 set up Short Sale and Offer (357.0)November 2011 Short sale approved at 357.0December 2011 Closing scheduled but Appraisal does not come in at value, comes in at 340.0 So what’s next? Just read on Grass hopper…….
Chapter 5 “The Challenge”It’s late DECEMBER back in….(Got Frankie Valli in the background) 2011, we’re suppose to be closing and I have to deal with a low appraisal. My options are slim to none with none prevailing….. 1; Ask the Buyer to “Pony up” the difference and the conversation went like this; Me; Mr Buyer if you really …
Chapter 4 “Day of Reckoning” After reassuring the Buyers that the home would not fall down (anytime soon), next up was the APPRAISAL and it went something like this. ACE shows up and I ask where he is from and he replies; “I live in Broward” Me; “Cool and this deal is dead” ACE; “HUH” …