Why would they do this?

We had an offer in for a short sale two weeks ago. The bank denied it and countered with a number they want. We submitted a new offer (still slightly less than what they wanted). They rejected that and INCREASED the amount they are asking for. Does this sound kosher?

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Permalink Reply by Linda Susan Fox on October 2, 2011 at 6:41pm
When the bank states they want X, then offer that amount if you want the home and it is still at or about fair market value..  Each time the Bank needs to negotiate they can change their minds.  The listing agent will need to negotiate the MI also.  Good luck getting this one closed.

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