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This Nashville Short Sale took longer than normal but we got it closed. This is an FHA short sale where the initial appraisal came in way too high at $180,000. We marketed the house and had quite a few showings but no offers. When the intial four month HUD preforeclosure program approval expired, Citi agreed to extend the program approval and ordered a new appraisal. This new appraisal came in at $140,000 and we subsequently re-listed the property for $129,000. Finally after 173 total days on the market, we closed this Nashville Short Sale at $129,300. My sellers are happy as … (2 comments)
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