I need help badly. We've been trying to by a BAC shortsale condo in Baltimore for a year. I have a signed contract from the owner but we can't get anywhere with BAC. The weeks fly by while BAC delays. I thought we were getting somewhere when they assigned a BAC Negotiator based in Simi Valley CA. Multiple voice mail messages to the Negotiator have gone unanswered.
The condo has been appraised three times since Feb 2010. I had one appraisal done and BAC appraised it twice. The appraised value from my appraisal was $275,000. In April we offered $265,000. Last week BAC finally responded on Equator and posted an asking price of $350,000 for the condo. We made a counter offer of $267,000. On Friday that offer was rejected because: " Decline - Insufficient Physical Offer".
Is it possible to talk to someone at BAC and try to convince them to put a market value on the condo? As I mentioned it's impossible to talk to the BAC Negotiator.
My other question is what would happen if we agreed to the $350,000 price. When the property is appraised for the mortgage it will appraise for ~$275,000. Would BAC then lower the price because no one could get a mortgage for the $350,000 sale price?

Thanks for your comments
Roger