The Title company shorted 25K on their prelim. HUD due to additional years back taxes. The bank is looking for a certain amount to them. They kicked it back wanting the additional 25K from us which is over appraisal.
We are 10 months in short sale. Our 1st Asset Mgr had 1st BPO & gave verbal OK to our agent at $110K. Then over the New Year BoA assigned a new AM who demanded another BPO. Our agent provided a 2nd higher BPO which he said was not arms length and demanded full appraisal. We provided Buyer-paid appraisal and they approved $125K purchase & on HUD-1. We went into escrow. Their closing department did not approve. Now they have assigned a 3rd Asset Manager who wants me-Buyer to give a higher offer. I think they are delaying so market keeps rising to get the price they want