Need Advice!!!-Price Reduction Possible? - A FHA Short Sale
My offer $100k was accepted 2 months ago. Now the agent said that I might get it for $90k.Ask me to sign a new Addenddum with new offer price of $90k. It is it a trap to get me off the deal since the market is so hot now? I used the listing agent.
Here is the email from he agent.
The buyer is in contract for 100k on this one. HUD approved the file for the ATP to be valued at 90k. Please send me an addendum executed by the buyer reducing the PP 10K.