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American Houses For SaleBuying a home Selling: American service company holds the mortgage. Is this good or bad for me?

The seller and I agreed a sale price which is about 60K less than it should. Do you think they will accept it?

It depends on the 60k is short and if they agreed to the short sale first. The bank is the real seller here, it does not matter what the other accepts.

It does not matter what you and the seller agree on. This is a short sale and the bank is holding all the cards. CSA will make their decision based on recent sales of comparable homes in the area. The more they want to see why the owner can not make the mortgage. (If they have problems). If the owner is having difficulty he will have to prove it.

not CSA, finance company horrible, they prefer to foreclose and have the ability to accept reasonable offers. good luck, refinancing with another company soon.

Posted on July 20, 2010.
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