Short Sale Contract Letter
Please help me to understand Short Sale contract letter from Bank.
Listing Price: 130K
Price Offered: 130K
Appraised Value: 121K
90% of appraised Value: 109K
Estimated Net Sale Proceedes: 118K
Can you appeal a BPO?
A short sale we have an offer on recently had it's BPO done and it came back higher than the other homes in the area and it the most "dated" home in the neighborhood.
Is this likely to be approved as a short sale?
I bought a one bedroom condo for $315k in 2004, which I paid down to $210k. Similar bank owned units are now selling for as low as $150k.
I can afford the payments, but I now have a wife and two kids,
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