Confused and why?
There was a short sell I was looking at in Arlington, Tx. On 12/4/10, listing agent listed the house for 89,000. On 12/9, the original LP dropped to $75,000. Made an offer for $80,000 and LA stated that seller when with another offer. Then on 1/4/11, house was listed again with a LP of $92,000.
Did the asset manager or note investor disagree with the original LP and drop in price, and require the LA to raise the LP to $92,000? Any ideas -- confused... Thanks.