I’m currently going through a short sale and am having problems with my lender. I had a short sale that was approved at $450k fall through last month at the fault of my real estate agent. I found a group of investors that had put in a cash offer at $400k. However now that my auction date is arriving soon the person handling my account is saying she won’t accept an offer less than $500k She said she checked the comps through Zillow and it showed that’s what my house is worth. However I checked Zillow and it’s showing that my house is worth about $448k and there are other houses in the area that aren’t selling for much more. The group of investors have faxed over the comps showing my house is worth nowhere near $500k and also the letter she faxed 1 month ago approving the previous sale for $450k, and stating the lender would accept a minimum of $426k. However she is still saying that she won’t accept an offer for less than $500k. Is what she’s doing legal? And is there anything I can do?

Double trouble: Foreclosure process doesn’t stop during short sales
Seller OK? Check.

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