No doubt, it is a common situation.  The BPO comes in higher than the price you have your home listed for.  But normally, the bank is willing to negotiate a bit.

So... this is my 3rd deal with Chase in the past year and I am getting the feeling they don't negotiate off the BPO value.

I have had this home listed for about 4 months with few showings and NO interest.  The original BPO came in at $150k.  I am listed at $139,900.  I challenged the BPO and remitted a dispute CMA with all the comps.  Two months later, they came back and said their value still holds of $150k.

I asked if they could give me a rule of thumb regarding BPO-to-offer value and my negotiator said that they want the BPO price.  Not a penny less.  This could be a negotiation tactic, but I don't even have an offer yet.  I asked the negotiator how I am to get an offer for a higher price than what the home won't even currently sell for.  She referred me to the other 'available options for the homeowner' (eg: DiL).

From your experience, are you seeing Chase stick very closely to the BPO value?  I know I can't get anywhere close to the BPO value.  I don't want to let this one go, but I also don't want to spend 4 more months if I am sure the offer will be declined.

Any thoughts?

BTW: This is a FNMA loan.