Need Some Advice
I'm working on my first short sale. The bank is Citi Mortgage. All my paperwork is in and has been sent to negotiator. My comps show a value of approx $250K. My offer was for $175K. I got this email today from the negotiator:
The investor will require a Net of $229,500 on this property before we can consider this for a short sale. Please revise this offer and send me an updated HUD when completed.
This file will be closed until I receive the achieved amount.
Should I get my own BPO?