If I suspect ABN Amro used inflated BPOs on my Detroit house short sale attempt, what can a lawyer do for me?
I've tried to work with them to sell my property via short sale for about a year now. Within that year, they've had 3 BPOs done on my property. While the offers have come consistently in a certain range, the BPOs have shot up by a whole $12,000 within one year! No, I haven't madeimprovements, of any kind, on the property. I'm wondering if anyone else has ever heard of that and what, if anything, I might do about it.
- acermillLv 71 decade agoFavorite Answer
You are wasting your time and money with an attorney. Bear in mind that ABN Amro is under NO obligation to work with you on a short sale. You signed a contract with them to pay a given amount of money every month until the debt is retired. Anything OTHER than that is a concession on their part. If they so choose, they can start foreclosure actions and you won't have a house left about which to complain.
- 1 decade ago
Hire your own appraiser before speaking to a lawyer. You may be able to get more for your house then you thought.
How short are you on value?
ABN has sold to Citibank you know. This could get tricky.Source(s): firstname.lastname@example.org if you need mortgage advice. Grand Rapids MI here.