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 they have moved on with their lives and the new buyer is already hard at work doing some remodeling to this very nice Bellevue home.
If you need help with a Nashville Short Sale, call us today.
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