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Updated over 5 years ago on . Most recent reply

Mike Parelli's profile image
Mike Parelli's profile image
Mike Parelli
  • Real Estate Broker
  • from Greenwich, CT
  • Member since Oct 14, 2015
  • Posts 65
  • Votes 28
  • Experience 11 Yrs
  • Investments 2
Connect

User Stats

65
Posts
28
Votes
Mike Parelli's profile image
Mike Parelli's profile image
Mike Parelli
  • Real Estate Broker
  • from Greenwich, CT
  • Member since Oct 14, 2015
  • Posts 65
  • Votes 28
  • Experience 11 Yrs
  • Investments 2
Connect
Mike Parelli
  • Real Estate Broker
  • Greenwich, CT
28
Votes |
65
Posts
Buying & Selling Real Estate

Sell (Reverse Mortgage) Short Sale and Appraisal was Rejected

Mike Parelli
  • Real Estate Broker
  • Greenwich, CT
Posted

Team!

I am working to sell a HECM (Reverse Mortgage) Short Sale through NOVAD Management. Our appraisal was more than 95% of the loan balance so it was rejected. It is very difficult to get answers from them or anyone on the subject. Can we order another appraisal? Can you resubmit a HECM Short Sale? Thanks in advance!

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