Why the Bank would say no to accepting a short sale:
•You are hard to deal with on the phone. Watch your tone. Get your point across with a nice tone to your voice. They don't have to tell you yes. Don't be "cocky". The job of the realtor is to present a scenario and all the facts.
•The BPO came in too high. Everything is a function of the numbers. The bank has formulas that they are supposed to follow. (If the bank lets you know that amount of the BPO and you know it is too high, tell the bank the BPO is way off. Nicely insist that another be done. Let them know what the sales are per square foot --- if that is a valid argument.
•The Bank feels the seller can afford the house. They can state that is a reason that they won't consider it. Let them know again nicely the financial/job situation of the seller. Be truthful.
•Mortgage fraud.
If you have any questions whatsoever, please feel free to call me anytime.
Warmly,
Stephanie LeFew
Your Land O Lakes Realtor
Solaris Realty of Tampa Bay
813-624-3332
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