amylynnep's Advice

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amylynnep wrote:

After an apprasial is done will a bank re-negotiate the selling proce for a shortsale?
We put an offer in on a shortsale the owners accepted-doesn't really mean anything I know.. So we waited and waited for the bank to accept/counteroffer. They (the bank) ended up asking for $212 and the home is listed for $199. We really want the house so we said fine..Well since were financing 100% of the mortgage we have to get an apprasial   and I'm worried it may come back lower then the $212 the bank wants now I know w/ the actual apprasial we can try and negotiate w/ them to lower the price but I'm concerned that they won't. What are the chances of them saying No?
July 07 2010