Legal Question in Real Estate Law in Michigan
bid on short sale house
we put in an offer of 65000 on a house listed at 64900, the house was foreclosed on and now the mortage company has it. We are now being told that the bank appraised the house for 90-100K and countered our offer at 80K.
Can they do that?
Asked on 5/17/08, 10:47 am
1 Answer from Attorneys
Audra Arndt
Audra A. Arndt & Associates, PLLC
Re: bid on short sale house
the bank can present any counter offer it wishes, regardless of the appraised value.
Answered on 5/20/08, 1:24 am
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