Asked by Cheyenne Jones, Concord, CA • Tue Feb 21, 2012
Short sale Listed at $220, offer in 6 days at full asking, good credit and 20% down, has loan approval. Comps show $190,000 or so average sales price for similar. Does lender approve 80% loan to comp value and buyer comes up with difference? Or does lender refuse to do loan on property buyer is overpaying for?
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