Actually Jimmy what happened was that an offer was submitted for a short sale and the lender did not accept it and came back with an approval for the now higher price. If the realtor knows the lender will not accept anything lower, it is not worth the realtors time to list it lower. Basically the lender feels that they can get 519k for it…
Perhaps the lender is incorrect, (which is my feeling) but we will soon know as a trustee sale date has been set.
ar
ps – AN Wals is pending. As usual you are correct on it being a better place.
