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If a hhome is valued more than the short sale selling price, will the banks be ok with that ?

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February 02 2010
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In most cases, the lender will instruct the listing agent to counter the current offer for whatever their BPO comes back out.  However, this doesn't mean they are firm on the amount.  Every lender/investor is going to have their own net threshold which will determine what sales prices they will accept.  Your Realtor should have an idea of what your lender will generally expect to net, and will be able to add up from that amount to determine a minimum sales price they are likely to accept. 

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February 09 2010

Homes are usually priced lower that market value in a short sale

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