Bellevue WA – Banks do not accept a potential short sale for a number of different reasons. Here is the biggest reason they did not approve your short sales.
They think the property is worth more than the price the buyer is offering. For example, the buyer is willing to pay $319,000 for a short sale.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The bank wants to check and make sure the home is not worth more than $319,000 before approving the sale. They order an appraisal.
The appraiser stats that the home is worth $350,000. The bank is already losing money on the sale. They don’t want to lose an extra $31,000 on the sale.
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