I am skeptical that the lender will accept anything in the price range mostly because of how irritated I have become with the short sale process. Also I have found that many short sales that are now priced aggressively are done so in order to submit a valid offer to the lender with the hopes that the lender will at least push out the trustee sale date. That said the first on this one is 388k and a 2nd of 97k. Also there are two pendings on Hawley, at a much higher per square foot price then the current active is priced at. The NOD was posted 9/11/07. Now the home was marketed on the MLS for 84 days at 485k when it opened and it was down to 349k by the end of the listing.
Most people have to understand that the lender does not set the price for the short sale, the realtor does and usually the lender will not even give ANY feedback until the short sale package is SUBMITTED IN FULL to the lender. This must include an offer. Then the lender will put in some time and effort, (and a little money) to do an analysis to then give some feedback.
The entire process is really f’d up.
At any rate I am not saying that the property is or is not priced well, I am just saying the short sale process sucks and I am skeptical the lender will accept in this range. However perhaps lenders are getting smarter!
