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Message
re: Got an offer on my house....but below value of mortgage balance, feedback needed
Posted on 10/7/11 at 11:55 am to ItNeverRains
Posted on 10/7/11 at 11:55 am to ItNeverRains
quote:
We are asking 240k for it and it's been on the market almost a year.
Why hasn't the price been lowered and/or been converted into a short sale?
1
Posted on 10/7/11 at 12:12 pm to Tiger JJ
quote:
Why hasn't the price been lowered and/or been converted into a short sale?
Doesn't owe 240 on it, nor wants to do a voluntary surrender. We started at 255k, but the seller has the final word in what the sales price will be. We feel like Nashville has finally bottomed out so it's just the way it is. Had a 650k list price go for 450k a few weeks ago. It hurts.
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