Asked by Tony, Los Altos, CA • Tue Apr 16, 2013
How can this house be a short sale? This house is currently not under water. It was purchased in 2006 for $1.2 M. With the current market, it can be easily sold for at least $1.4 to $1.5 M. How can any bank would approve this for $1 M short sale after it pulls up the comp? The agent indicated that he already has his buyer(s). Can anyone please explain to see if this makes any sense? This house would still be more than $1.3 M even the house was completely trashed inside.
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