Comments on: Your Short Sale Stories From The Field http://ctlms.myproptrackr.com/2009/07/22/your-short-sale-stories-from-the-field/ Pre-Foreclosure and Short Sale Solutions Tue, 02 Apr 2019 18:58:34 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Sean Wilder http://ctlms.myproptrackr.com/2009/07/22/your-short-sale-stories-from-the-field/comment-page-1/#comment-19 Sean Wilder Wed, 22 Jul 2009 20:48:32 +0000 http://seanwilder.wordpress.com/?p=90#comment-19 Thanks for the question Mary Lou, It sounds like you are talking about either an appraisal or a BPO done by a lender for a short sale. And yes most banks do not want to use short sales for BPO comps. The reason is it is a distressed sale just like an REO and banks believe that they should be looking at market value. Of course we all know if the property does not sell in the short sale it will be an REO so REO’s and short saled properties should be the value they are looking at. But who ever said that banks make sense anyway. Thanks for the question Mary Lou,

It sounds like you are talking about either an appraisal or a BPO done by a lender for a short sale. And yes most banks do not want to use short sales for BPO comps. The reason is it is a distressed sale just like an REO and banks believe that they should be looking at market value. Of course we all know if the property does not sell in the short sale it will be an REO so REO’s and short saled properties should be the value they are looking at. But who ever said that banks make sense anyway.

]]> By: Sean Wilder http://ctlms.myproptrackr.com/2009/07/22/your-short-sale-stories-from-the-field/comment-page-1/#comment-18 Sean Wilder Wed, 22 Jul 2009 20:47:05 +0000 http://seanwilder.wordpress.com/?p=90#comment-18 Mary Lou asked.....Do some banks not consider short sales an indication of Market Value? Mary Lou asked.....Do some banks not consider short sales an indication of Market Value?

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