Some will claim that they can put a value on a property within 15 minutes, some take a few hours and some know right away. I'm floored with the last one who claims to know right away.

I ran into this today when I followed up on a Short Sale package that I submitted to a Lender and 1 minute into the call they came back at me that my offer will never work because they value the property at twice as much - Gosh, how did they do that? Wow, they're fast!

Of course, I reserved my impulse to attack and calmly implied that they'll see the true values as per my market analysis that I provided.  These properties haven't had a sale for twice as much since two years ago. Sure there are properties sitting on the market priced at twice as much that have been on the market close to a year and many more than a year. Hmmmmm.....I wonder why they haven't been sold?

With remarks like this from lenders indicating such exagerrated values, are they thinking that we are going to be in agreement?

First thing, when I submit a Short Sale, I'm comfortable in knowing that I have a solid offer as I've done my homework and have analyzed the market and know my values. I will not submit a Short Sale offer unless I can support it with facts.

I sure wish that I could know my values in an instant as that would make my job much easier but then anyone would be able to do my job now wouldn't they?!