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Frustrated and Amazed.....Normal I guess!
Today I recieved a counter offer from AHMSI on one of my short sale listings that we have been working on since 2001...(well, not quite 2001, it just feels that way)... Along with a "notice of Sale " being filed...go figure.
Ok, not so unusual, but what I am trying to figure out is the following..... AHMSI had a professional licensed reputable appraiser perform her appraisal for them, the value came in at 530k (right about where the contract with the buyer is)...so far so good...Well wait, AHMSI send sends an email saying the offer we have is rejected, because after their "reconciliation" of the appraisal the value is 640k, and that is the counter offer from them to the buyer....oh, and AHMSI is of course cutting the agreed upon commission between seller and listing agent (me) oh, and AHMSI is charging the buyer a 1% short sale fee, that if the buyer cannot or will not pay, they will lower the agreed upon commision by that same 1% fee....
So, like any good REALTOR would do, I ask AHMSI for more information regarding their "reconciliation"...the response? you can send in another full color appraisal for the reconciliation department to review... ... more

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